Fiscal policy in a small open economy with oil sector and non-ricardian agents

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Borradores de Economía; No. 759

Date published

2013-02-18

Date

2013-02-18

Authors

González-Gómez, Andrés
López-Piñeros, Martha Rosalba
Rodríguez-Niño, Norberto
Téllez, Santiago

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ISBN

Document language

spa
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Abstract

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 fiscal authority that finances gover

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JEL Codes

E21 - Consumption; Saving; Wealth

Temática

Keywords

Keywords

Fiscal multipliers , Fiscal policy rules , Non-Ricardian households , DSGE model

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5899
 https://hdl.handle.net/20.500.12134/5899
 https://ideas.repec.org/p/bdr/borrec/759.html
 https://doi.org/10.32468/be.759

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