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Sostenibilidad de la política fiscal en Uruguay

Author

Listed:
  • Borchardt, Michale
  • Rial, Isabel
  • Sarmiento, Adolfo

Abstract

La volatilidad del resultado fiscal como consecuencia de las fluctuaciones de las variables macroeconómicas de origen interno y externo, limita la utilidad de los indicadores tradicionales para evaluar la situación fiscal de mediano y largo plazo. Este problema es particularmente relevante para países que, como Uruguay, encaran planes de estabilización utilizando el tipo de cambio como ancla nominal, puesto que la experiencia ha mostrado que dichos planes generan o amplifican muchas de las fluctuaciones de las variables macroeconómicas, las cuales se trasladan a la situación fiscal. El éxito de estos planes de estabilización requiere un adecuado manejo del ancla nominal, así como un buen monitoreo de la situación fiscal subyacente. Con esta finalidad se desarrolla una metodología que tiene por objetivo la estimación del resultado fiscal ajustado por las fluctuaciones de corto plazo de las variables macroeconómicas.

Suggested Citation

  • Borchardt, Michale & Rial, Isabel & Sarmiento, Adolfo, 1998. "Sostenibilidad de la política fiscal en Uruguay," IDB Publications (Working Papers) 6107, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:6107
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    File URL: https://publications.iadb.org/publications/spanish/document/Sostenibilidad-de-la-pol%C3%ADtica-fiscal-en-Uruguay.pdf
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    Citations

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    Cited by:

    1. Mario Bergara & Andrés Pereyra & Ruben Tansini & Adolfo Garcé & Daniel Chasquetti & Daniel Buquet & Juan Andrés Moraes, 2005. "Political Institutions, Policymaking Processes and Policy Outcomes: The Case of Uruguay," Documentos de Trabajo (working papers) 1805, Department of Economics - dECON.
    2. Gerardo M Licandro, 2001. "Monetary Policy Coordination, Monetary Integration and other essays," Levine's Working Paper Archive 625018000000000172, David K. Levine.
    3. Mario Bergara & Daniel Chasquetti & Juan Andrés Moraes, 2005. "The Political Economy of the Budgetary Process in Uruguay," Documentos de Trabajo (working papers) 1905, Department of Economics - dECON.

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