Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects different economic policies have on the various variables that represent the economy. Despite the seminal "Lucas critique" levelled against them, these models are still widely...

"A primary goal of the Aylwin presidency has been achievement of growth with equity. Chile, as well as most of Latin America, has experienced high levels of poverty and welfare inequality for as long as statistical information is available. This volume contains the best survey data (1990)...