La efectividad de la política fiscal en el Perú: 1980-2006
Waldo Mendoza and
Karl Melgarejo Castillo
No 2008-262, Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú
The aim of this document is to establish the relationship between fiscal policy and the level of economic activity. On the theoretical ground, this is done using a model that links fiscal policy with economic activity, mixing the contractive and/or expansionary effects of a fiscal expansion, given the initial situation of fiscal accounts. On the empirical ground, this is done for the period 1980-2006, testing the predictions produced by the theoretical model. The main results suggest that during the period 1980-1990, characterized by the fragility of the fiscal accounts, fiscal policy had a weak effect on the level of economic activity, whereas during the period 1990- 2006, considered of improvement of fiscal accounts, the effect of fiscal policy is stronger.
Keywords: fiscal policy; Peru; fiscal accounts (search for similar items in EconPapers)
Pages: 60 pages
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Persistent link: https://EconPapers.repec.org/RePEc:pcp:pucwps:wp00262
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