Since 2014
La evaluación de la regla fiscal peruana desde una perspectiva de agregados económicos
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
La evaluación de la regla fiscal peruana desde una perspectiva de agregados económicos
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| Creator |
Cortez Lopez, Carlos
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| Subject |
Fiscal rule, small and open economy, fiscal pro-cyclicality.
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| Description |
The purpose of this paper is to evaluate the effects of structural balance fiscal rule on economic aggregates through a dynamic stochastic general equilibrium (DSGE) model, which characterizes an emerging small and open economy as the Peruvian. The results show how this fiscal rule reduces the volatility of different aggregates and the cyclicality of consumption, government spending, investment, imports, exports, net external debt of the economy and the production of non-tradable, except of the production of exportable goods. However, other shocks has a null or opposite effect, namely structural balance fiscal rule is a necessary condition, but not sufficient to smooth the transition of government spending and other economic aggregates to the steady state.
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2018-06-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/631
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 33, No 1 (2018); 3-28
Revista de Análisis Económico – Economic Analysis Review; Vol 33, No 1 (2018); 3-28 0718-8870 0716-5927 |
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| Language |
spa
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/631/275275277
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| Rights |
Copyright (c) 2018 Revista de Análisis Económico – Economic Analysis Review
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