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Assessing the Macroeconomic Effects of Fiscal Policy in Colombia

Luis Ignacio
Lozano-Espitia
Karen Juliet
Leiton-Rodríguez
Domingo, 1 Marzo 2009

The focus of this paper is on the short-term macroeconomic effects of fiscal policy in Colombia in a structural vector autoregression context. Government spending shocks are found to have positive and significant effects on output, private consumption, em