Perú: sostenibilidad, balance estructural y propuesta de una regla fiscal

Félix Jiménez

No 2003-225, Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú

Abstract: The main purpose of this paper is to develop the methodological elements of a counter cyclical fiscal rule interrelated to fiscal sustainability. The well-known methods of sustainability based on intertemporal budget restriction, are discussed and reformulated by taking into account the two public debt: foreign a domestic. The new model captures the effects of exchange rate and the differential of the rates of interest variations. Finally, the counter cyclical fiscal rule is built on the basis of the so-called permanent primary surplus, which makes sustainable to fiscal policy.

Pages: 100 pages
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published

Downloads: (external link)
http://files.pucp.edu.pe/departamento/economia/DDD225.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pcp:pucwps:wp00225

Access Statistics for this paper

More papers in Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú Av. Universitaria 1801, San Miguel, Lima, Perú. Contact information at EDIRC.
Bibliographic data for series maintained by ().