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Is Fiscal Policy Effective? Evidence for an Emerging Economy: Chile 1833-2000

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  • Rodrigo Cerda

    ()
    (Instituto de Economía. Pontificia Universidad Católica de Chile.)

  • Hermann González
  • Luis Felipe Lagos

    ()
    (Instituto de Economía. Pontificia Universidad Católica de Chile.)

Abstract

This paper studies the impact of fiscal policy on economic activity by using Chilean annual data from 1833 to 2000. The data allows us to disentangle the impacts on economic activity -- due to the large variation in fiscal policy in the period under study -- by using a SVAR methodology. The study finds evidence of non Keynesian impacts of fiscal policy.

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Bibliographic Info

Paper provided by Instituto de Economia. Pontificia Universidad Católica de Chile. in its series Documentos de Trabajo with number 292.

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Date of creation: 2005
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Publication status: Published as "Is Fiscal Policy Effective? Evidence for an Emerging Economy: Chile 1833-2000", Journal of Applied Economic Letters, Volumen 13 Nº 9, pp. 575-580, 2006.
Handle: RePEc:ioe:doctra:292

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  1. José Jofre & Rolf Lüders & Gert Wagner, . "Economía Chilena 1810-1995. Cuentas Fiscales," Documentos de Trabajo 188, Instituto de Economia. Pontificia Universidad Católica de Chile..
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Cited by:
  1. Ignacio Lozano Espitia & Karen Rodríguez, 2009. "Assessing the Macroeconomic Effects of Fiscal," BORRADORES DE ECONOMIA 005386, BANCO DE LA REPÚBLICA.
  2. Ignacio Lozano & Karen Rodríguez, 2011. "Assessing the macroeconomic effects of fiscal policy in Colombia," Journal of Financial Economic Policy, Emerald Group Publishing, vol. 3(3), pages 206-228, August.

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