Fiscal Policy and National Saving in Mexico, 1980-2006

Rodolfo Cermeño, Bernardo D. Roth and F. Alejandro Villagómez
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Rodolfo Cermeño: Centro de Investigación y Docencia Económicas, A. C.
Bernardo D. Roth: Protego Evercore
F. Alejandro Villagómez: Centro de Investigación y Docencia Económicas, A. C.
Authors registered in the RePEc Author Service: Rodolfo Cermeño and Alejandro Villagomez

Estudios Económicos, 2008, vol. 23, issue 2, 281-312

Abstract: 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 e_ect over longer horizons, and a negative effect on the output gap.

Keywords: fiscal policy; national saving; private saving (search for similar items in EconPapers)
JEL-codes: E29 E62 H30 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/132/134

Related works:
Working Paper: Fiscal Policy and National Saving in Mexico, 1980-2006 (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:emx:esteco:v:23:y:2008:i:2:p:281-312

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