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Identifying Fiscal Policy Shocks in Chile and Colombia

Jorge E.
Restrepo
Hernán
Rincón-Castro
Jueves, 1 Junio 2006

Structural VAR and Structural VEC models were estimated for Chile and Colombia, aiming at identifying fiscal policy shocks in both countries between 1990 and 2005. The impulse responses obtained allow the calculation of a peso-for-peso ($/$) effect on out