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
Rodríguez, Karen
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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
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
Temática
Keywords
Autorregresión vectorial estructural, Política fiscal, Gasto gubernamental, Tributación
Keywords
Fiscal policy, Government spending, Taxation, Structural vector autoregression
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