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Política Fiscal, Expectativas y Transición Dinámica en el Modelo Simple de Crecimiento Endógeno

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  • Alejandro Rodríguez Arana

    (Department of Economics, Universidad Iberoamericana, Mexico City. Mexico)

Abstract

In the simplest neoclassical endogenous growth model, this paper shows that fiscal policies that could be considered as expansive produce a higher level of the capital stock when they are announced. The effects of these policies on the long rate of growth are the same whether or not the policies are announced, nonetheless. In particular, changes in the consumption’s tax rates are neutral when they are not announced, but they have short run effects on the rate of growth, and a permanent effect on the capital stock, when they are announced.

Suggested Citation

  • Alejandro Rodríguez Arana, 2012. "Política Fiscal, Expectativas y Transición Dinámica en el Modelo Simple de Crecimiento Endógeno," Working Papers 0112, Universidad Iberoamericana, Department of Economics.
    • Handle: RePEc:uic:wpaper:0112
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