Fiscal Policy and National Saving in Mexico, 1980-2006

Alejandro Villagomez and Bernardo Roth Rivero

No DTE 387, Working Papers from CIDE, División de Economía

Abstract: This paper uses structural vector autoregressions (SVAR) to characterize the dynamic impact of fiscal policy on national saving. SVAR´s have extensively been used to characterize the impact of monetary policy on the economy but have not been applied as much to analyzing fiscal policy. This paper focuses on the impact of fiscal policy on national saving and the data used is adjusted for inflation and cyclical effects, rather than using traditional estimations by official entities. Our empirical analysis shows that fiscal policy has an important economic impact on national saving, any impact on private saving and a negative but non-significant effect on the output gap.

Keywords: Fiscal Policy; National Saving; Mexico (search for similar items in EconPapers)
JEL-codes: E21 O23 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2007-06
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http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE387.pdf (application/pdf)

Related works:
Journal Article: Fiscal Policy and National Saving in Mexico, 1980-2006 (2008)
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