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Los Efectos De La Política Fiscal Sobre El Consumo Privado: Nueva Evidencia Para El Caso Español

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  • Agustín García

    ()
    (Universidad de Extremadura.)

  • Julián Ramajo

    ()
    (Universidad de Extremadura.)

Abstract

. Este trabajo analiza si la hipótesis de neutralidad de la política fiscal (teorema de equivalencia Ricardiana) puede considerarse como una aproximación válida para la realidad económica española o si, por el contrario, existen desviaciones (y de qué tipo) de dicha situación, lo que estaría más en la línea del enfoque Keynesiano convencional acerca de los efectos de la deuda sobre las decisiones de consumo-ahorro privados. La investigación intenta aportar nueva evidencia sobre la escasa literatura empírica que en España ha considerado esta cuestión. El análisis que se realiza se basa en datos agregados de carácter anual para España que abarcan los años 1955 a 2000, y utiliza tanto el enfoque estructural como el de ecuaciones de Euler para los contrastes de la hipótesis de neutralidad.

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Bibliographic Info

Paper provided by Instituto de Estudios Fiscales in its series Working Papers with number 13-02 Classification-JEL :.

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Handle: RePEc:hpe:wpaper:y:2002:i:13

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Keywords: consumo privado; política fiscal; equivalencia Ricardiana; cointegración.;

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