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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| Formato: | Online |
| Idioma: | inglês |
| Editor: |
El Colegio de México, A.C.
1992
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| Acesso em linha: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/306 |
| Recursos: |
Estudios Económicos |
| Resumo: | 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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