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El rol conjunto de las políticas fiscal, monetaria y cambiaria en el crecimiento económico de Bolivia

Author

Listed:
  • Alejandra Natali Franco Rodriguez

    (Banco Central de Bolivia)

Abstract

Una de las características del Modelo Económico Social Comunitario Productivo que Bolivia implementa desde el 2006, es la coordinación de las políticas monetaria, fiscal y cambiaria, orientadas a la promoción del crecimiento y la estabilidad macroeconómica. El presente trabajo presenta la primera evidencia empírica sobre el rol de estas políticas en el crecimiento económico de Bolivia. Se demuestra que las condiciones de estabilidad creadas por la política cambiaria y monetaria incidieron bastante en la efectividad de la política fiscal para impulsar el crecimiento económico y los mecanismos por los que la política fiscal incide en el mismo. Así, los niveles sostenidos de crecimiento económico pueden entenderse como el resultado de la acción coordinada de las políticas fiscal, monetaria y cambiaria en Bolivia. Para demostrar ello se implementan dos estrategias metodológicas sugeridas en la literatura: una función de política fiscal y un VAR estructural.

Suggested Citation

  • Alejandra Natali Franco Rodriguez, 2016. "El rol conjunto de las políticas fiscal, monetaria y cambiaria en el crecimiento económico de Bolivia," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 25(2), pages 111-140, July.
    • Handle: RePEc:blv:journl:v:25:y:2016:i:2:p:111-140
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    More about this item

    Keywords

    Política monetaria; política fiscal; política cambiaria; crecimiento económico;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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