Borradores de Economia
Number:
397
Published:
Classification JEL:
E62, E63, C32, C51, C52, C53
Keywords:
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
The most recent
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Constanza Martínez-Ventura, Ligia Alba Melo-Becerra
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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