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ARTÍCULO
TITULO

Real effects of the fiscal policy in Colombia: 1990-2007

Henry Laverde    

Resumen

International evidence shows that economic activity is affected by fiscal policy shocks. In this paper we characterize the dynamic effects of spending and the Colombian government revenues on GDP and aggregate demand for the period 1990-2007. This model uses a structural VAR (SVAR) with quarterly reporting. The results provide evidence of both Keynesian effects of taxation and government spending and its components (consumption and investment), although the effects are of low persistence.

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PÁGINAS
pp. 91 - 108
MATERIAS
ECONOMÍA

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