Número:
759
Publicado:
Clasificación JEL:
D91, E21, E62
Palabras clave:
Fiscal multipliers, fiscal policy rules, non-Ricardian households, DSGE model
Lo más reciente
Julián Andrés Parra-Polanía, Carmiña Ofelia Vargas-Riaño
Christian Manuel Posso-Suárez, Jorge Tamayo, Arlen Guarín, Estefanía Saravia
In this paper we develop a dynamic stochastic general equilibrium fiscal model for the Colombian economy. The model has three main components: the existence of non-Ricardian households, price and wage rigidities, and a fiscal authority that finances gover