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

Número: 
596
Publicado: 
Clasificación JEL: 
E62, E32, G21, E69
Palabras clave: 
Fiscal policy, business fluctuations, banking crisis, rules vs. discretion

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