¿Are the Chilean experience with panel of experts comparable with the recent experience in developed countries? Everybody knows that for developed countries the period from 2008 to the present is an exceptional one. An extreme observation in the time series of GDP recessions. ¿Do the Chilean panel of experts institutions face comparable extreme situations according to Chile's GDP history? The answer is trivial: no. And this is a big flaw in Frankel's argument.
The Last Argentine Picture Show
It's better wait till the legal process of expropiation finished, and be well informed, rather than do this kind of erroneous statements
http://economia.elpais.com/economia/2012/05/05/actualidad/1336169798_358722.html?utm_source=twitterfeed&utm_medium=twitter
Budgetary Wishful Thinking
¿Are the Chilean experience with panel of experts comparable with the recent experience in developed countries? Everybody knows that for developed countries the period from 2008 to the present is an exceptional one. An extreme observation in the time series of GDP recessions. ¿Do the Chilean panel of experts institutions face comparable extreme situations according to Chile's GDP history? The answer is trivial: no. And this is a big flaw in Frankel's argument.