publication . Preprint . 2014

Pre-crisis Conditions and Government Policy Responses: Chile and Mexico during the Great Recession

Bruno Martorano;
Open Access
  • Published: 01 Jan 2014
Abstract
Chile and Mexico reacted to the crisis by implementing several policy responses, they achieved different outcomes. In particular, the Chilean economy recovered faster than the Mexican one. However, the main differences are related to social outcomes. On one hand, the Gini coefficient decreased in both countries. On the other hand, both overall and child poverty dropped in Chile while they rose sharply in Mexico. , Chile introduced a stimulus package twice as large the Mexican one. When the financial crisis arrived in late 2008 - Chile and Mexico started from different positions, they generated a different public effort, which in turn led to different economic an...
Subjects
free text keywords: cash transfers; economic depression; family policy; social protection;
37 references, page 1 of 3

1. Introduction

2. Chile and Mexico before the Crisis

3. Impact of the Crisis and Policy Responses 3.1 The Unexpected Shock of the Late 2000s 3.2 Policy Responses to the Crisis

4. Poverty Change and Distribution Impacts of the Crisis in Chile and Mexico 4.1 Progressivity and Redistributivity of Social Transfers 4.2 Changes in Inequality 4.3 Poverty Changes in Chile and Mexico

5. Conclusions

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