Política fiscal y ahorro nacional en México, 1980-2006

This paper uses structural vector autoregression (SVAR) models to characterize the dynamic impact of fiscal policy on national saving. SVARs have extensively been used in case of monetary policy. Data adjusted for inflation, capital flight, the value loss of debt and cyclical effects, is used rather...

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Bibliographic Details
Main Authors: Cermeño, Rodolfo, Roth, Bernardo D., Villagómez, F. Alejandro
Format: Online
Language:English
Editor: El Colegio de México, A.C. 2008
Subjects:
ahorro privado
ahorro nacional
política fiscal
H300
E620
E290
private saving
national saving
fiscal policy
Online Access:https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/132
Journal:

Estudios Económicos

Description
Summary:This paper uses structural vector autoregression (SVAR) models to characterize the dynamic impact of fiscal policy on national saving. SVARs have extensively been used in case of monetary policy. Data adjusted for inflation, capital flight, the value loss of debt and cyclical effects, is used rather than traditional measures. Our results suggest that fiscal policy that increases the structural surplus has a positive impact on national saving, some negative impact on private savings in shorter horizons but any significant effect over longer horizons, and a negative effect on the output gap.

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