Fiscal Policy in Colombia and a Prospective Analysis After the 2008 Financial Crisis

Borradores de Economia
Number: 
596
Published: 
Classification JEL: 
E62, E32, G21, E69
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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The purpose of this study is twofold: First, it provides an empirical characterization of fiscal policy in Colombia over the last decades, by assessing the three most relevant macroeconomic factors: the behavior of fiscal policy over the business cycle; w