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Fiscal multipliers are different across countries and according with economic circumstances. The studies about the effect of a government spending shock on output have focus their attention on the behavior of consumption. ...Documentos de Trabajo. 2016-12
Borradores de Economía; No. 976
In this paper we develop a dynamic stochastic general equilibrium fiscal model for the Colombian economy. The model has three main components: the existence of non-Ricardian households, price and wage rigidities, and a ...Documentos de Trabajo. 2013-02
Borradores de Economía; No. 759
This paper analyzes the non-linear and asymmetric effects of fiscal multipliers for expenditure and tax revenue for the Colombian economy. For this purpose, we use autoregressive vector models with smooth transition ...Artículos de revista. 2018-11-07
Vol. 36. No. 85,edición especial. 2018. Pág.: 48-64.
I examine the importance of fiscal policy in stabilizing the Euro Area economy and the degree of interaction with monetary policy. The results provide solid evidence of a common fiscal reaction in the monetary union ...Artículos de revista. 2018-11-07
Vol. 36. No. 85, edición especial. 2018. Pág.: 21-47.