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La efectividad de la política fiscal en el Perú: 1980-2006

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  • Waldo Mendoza

    () (Departamento de Economía - Pontificia Universidad Católica del Perú)

  • Karl Melgarejo

Abstract

The aim of this document is to establish the relationship between fiscal policy and the level of economic activity. On the theoretical ground, this is done using a model that links fiscal policy with economic activity, mixing the contractive and/or expansionary effects of a fiscal expansion, given the initial situation of fiscal accounts. On the empirical ground, this is done for the period 1980-2006, testing the predictions produced by the theoretical model. The main results suggest that during the period 1980-1990, characterized by the fragility of the fiscal accounts, fiscal policy had a weak effect on the level of economic activity, whereas during the period 1990- 2006, considered of improvement of fiscal accounts, the effect of fiscal policy is stronger.

Suggested Citation

  • Waldo Mendoza & Karl Melgarejo, 2008. "La efectividad de la política fiscal en el Perú: 1980-2006," Documentos de Trabajo / Working Papers 2008-262, Departamento de Economía - Pontificia Universidad Católica del Perú.
  • Handle: RePEc:pcp:pucwps:wp00262
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    File URL: http://files.pucp.edu.pe/departamento/economia/DDD262.pdf
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    Cited by:

    1. Carrillo, Paul A., 2010. "Efectos Macroeconómicos de la Política Fiscal en Ecuador 1993-2009
      [Macroeconomic Effects of Fiscal Policy in Ecuador 1993-2009]
      ," MPRA Paper 34436, University Library of Munich, Germany, revised Oct 2011.

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    Keywords

    fiscal policy; Peru; fiscal accounts;

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