Efectos macroeconómicos de la política fiscal durante la crisis del Covid-19: evidencia de Bolivia a nivel regional

Miguel Sebastiano Chalup Calmotti () and Luis Escobar Caba
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Miguel Sebastiano Chalup Calmotti: Centro de Investigación Económica del Colegio de Economista (ciece), Colegio de Economistas de Santa Cruz (Santa Cruz de la Sierra, Bolivia)

Revista de Economía del Rosario, 2023, vol. 26, issue 1, No 1, 39

Abstract: This paper evaluates the impact of the fiscal policy applied in Bolivia during the Covid-19 crisis at a regional level. It includes two analyses: the economic slowdown at a regional level analyzed through a mixed frequency Bayesian va r with a stochastic volatility model, and the impact and effectiveness of the fiscal policy using a time-varying parameter va rmodel. The results indicate that the pandemic had a heterogeneous effect on the region’s economic activity and the capital expenditure from the national treasury was the most effective fiscal policy to reduce the recessive effects of the crisis. We also noted that some regions positively reacted to regional and local government capital expenditure

Keywords: Fiscal policy; Covid-19; shocks; economic cycles; mixed frequency vector autoregressions; stochastic volatility; regional and local expenditures (search for similar items in EconPapers)
JEL-codes: C32 C53 E32 E62 H54 H72 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:col:000151:020918

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