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Balance Estructural, Dinámica Y Volatilidad De La Deuda

Author

Listed:
  • LINA MARÍA VÁSQUEZ

    ()

  • LUIS ÉDGAR BASTO

    ()

Abstract

La estimación del balance estructural es fundamental para el actual debate sobre la viabilidad de la política fiscal como regla, ya que sirve como discriminador del déficit causado por decisiones de política fiscal y por inflexibilidades del sector público, del déficit originado por factores exógenos a ella. Además, sirve como herramienta para establecer la dinámica de la deuda pública. Estas dos características del balance estructural se presentan en este documento. De igual forma, se ilustra la importancia de estudiar no solo la tendencia de la deuda pública, determinada por el balance estructural, sino su volatilidad causada por los principales precios que la afectan, como son las tasas de cambio, de inflación y de interés.

Suggested Citation

  • Lina María Vásquez & Luis Édgar Basto, 2004. "Balance Estructural, Dinámica Y Volatilidad De La Deuda," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 22(46-1), pages 26-81, December.
  • Handle: RePEc:col:000107:002037
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    Cited by:

    1. Ignacio Lozano & Hernán Rincón & Miguel Sarmiento & Jorge Ramos, 2008. "Regla fiscal cuantitativa para consolidar y blindar las finanzas públicas de Colombia," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(19), pages 311-352, July-Dece.

    More about this item

    Keywords

    BALANCE ESTRUCTURAL; DINÁMICA DE LA DEUDA; VOLATILIDAD DE LA DEUDA;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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