Fiscal multipliers, oil revenues and balance sheet effects

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Borradores de Economía; No. 976
Date published
2016-12-21
Date of last update
2016-12-21
Author
López-Piñeros, Martha Rosalba
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.
Abstract
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. However, the crowding out of inve
JEL Codes
E62 - Fiscal PolicyD91 - Intertemporal Consumer Choice; Life Cycle Models and SavingE21 - Consumption; Saving; Wealth
Keywords
Fiscal multipliers ; Fiscal policy rules ; Non-Ricardian households ; DSGE model ; Financial frictions ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6287
https://hdl.handle.net/20.500.12134/6287
https://doi.org/10.32468/be.976
https://ideas.repec.org/p/bdr/borrec/976.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit