Programas de reducción del déficit fiscal en los países en desarrollo: estabilización versus crecimiento en presencia de racionamiento crediticio
This paper presents a model for analyzing potential conflicts between short-run output and employment effects and medium-run growth effects of various fiscal actions. In the model, both firms and households are intertemporal optimizers; short-run wage stickiness and interest rate controls generate m...
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| 格式: | Online |
| 語言: | 英语 |
| 出版: |
El Colegio de México, A.C.
1992
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| 主題: | |
| 在線閱讀: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/306 |
| 機構: |
Estudios Económicos |
| 總結: | This paper presents a model for analyzing potential conflicts between short-run output and employment effects and medium-run growth effects of various fiscal actions. In the model, both firms and households are intertemporal optimizers; short-run wage stickiness and interest rate controls generate macroeconomic disequilibrium. The analysis focuses on the consequences of various government expenditure or deficit reduction policies. |
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