IDEAS home Printed from https://ideas.repec.org/p/col/000094/002457.html
   My bibliography  Save this paper

El Balance Fiscal Y El Balance En La Cuenta Corriente En Colombia: Canales De Transmisión Y Causalidad

Author

Listed:
  • Jorge Ramos

    ()

  • Hernán Rincón

    ()

Abstract

Este documento identifica y evalúa empíricamente los posibles canales de transmisión entre el balance fiscal y el balance en cuanta corriente y determina estadísticamente la posible causalidad entre ellos. Para el período analizado, no se encuentra una clara relación entre los dos balances, y entre ellos y los canales de transmisión identificados por la teoría. Cuando existen indicios estadísticos de un nexo entre los dos balances, el sentido de la relación es inverso al que comúnmente se espera, es decir, se encuentra que el balance en cuenta corriente causa el balance fiscal.

Suggested Citation

  • Jorge Ramos & Hernán Rincón, 2000. "El Balance Fiscal Y El Balance En La Cuenta Corriente En Colombia: Canales De Transmisión Y Causalidad," BORRADORES DE ECONOMIA 002457, BANCO DE LA REPÚBLICA.
  • Handle: RePEc:col:000094:002457
    as

    Download full text from publisher

    File URL: http://www.banrep.gov.co/docum/ftp/borra166.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Hendry, David F. & Learmer, Edward E. & Poirier, Dale J., 1990. "A Conversation on Econometric Methodology," Econometric Theory, Cambridge University Press, vol. 6(02), pages 171-261, June.
    2. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    3. Obstfeld, Maurice & Rogoff, Kenneth, 1995. "The intertemporal approach to the current account," Handbook of International Economics,in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 34, pages 1731-1799 Elsevier.
    4. Buiter, Willem H, 1981. "Time Preference and International Lending and Borrowing in an Overlapping-Generations Model," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 769-797, August.
    5. Alberto Carrasquilla & Hernán Rincón, 1990. "Relaciones entre déficit público y ahorro privado: Aproximaciones al caso colombiano," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 9(18), pages 75-98, December.
    6. Jorge Ramos F. & Norberto Rodríguez, 1995. "Déficit fiscal y tasas de interés en Colombia," Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 14(27), pages 39-61, Junio.
    7. repec:cup:etheor:v:6:y:1990:i:2:p:171-261 is not listed on IDEAS
    8. Leonardo Villar & Hernán Rincón, 2000. "The Colombian Economy In The Nineties: Capital Flows And Foreign Exchange Regimes," BORRADORES DE ECONOMIA 003575, BANCO DE LA REPÚBLICA.
    9. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    10. William H. Branson & Willem H. Buiter, 1982. "Monetary and Fiscal Policy with Flexible Exchange Rates," NBER Working Papers 0901, National Bureau of Economic Research, Inc.
    11. Jose Antonio Ocampo Gaviria, 1988. "Una Nota Sobre La Relacion Entre El Financiamiento Externo, Ahorro E Inversion," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 7(13), pages 87-96, June.
    12. Bernanke, Ben S., 1986. "Alternative explanations of the money-income correlation," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 25(1), pages 49-99, January.
    13. Svensson, Lars E O & Razin, Assaf, 1983. "The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 97-125, February.
    14. Alberto Carrasquilla & Natalia Salazar, 1992. "Sobre la naturaleza del ajuste fiscal en Colombia," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 11(21), pages 165-190, June.
    15. Paul Hallwood & Ronald MacDonald, 2008. "International Money and Finance," Working papers 2008-02, University of Connecticut, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Balance fiscal;

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000094:002457. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Clorith Angélica Bahos Olivera). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.