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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

Abstract: 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
Date: 2008
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