Assessing the macroeconomic effects of fiscal policy in Colombia

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Borradores de Economía; No. 552

Date published

2009-03-10

Date

2009-03-10

Authors

Lozano-Espitia, Luis Ignacio
Rodríguez, Karen

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ISBN

Document language

spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

The focus of this paper is on the short-term macroeconomic effects of fiscal policy in Colombia in a structural vector autoregression context. Government spending shocks are found to have positive and significant effects on output, private consumption, em

Description

JEL Codes

E62 - Fiscal Policy
H50 - National Government Expenditures and Related Policies: General
H20 - Taxation, Subsidies, and Revenue: General
C32 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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Keywords

Keywords

Fiscal policy , Government spending , Taxation , Structural vector autoregression

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5569
 https://hdl.handle.net/20.500.12134/5569
 https://ideas.repec.org/p/bdr/borrec/552.html
 https://doi.org/10.32468/be.552

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