Lozano, Ignacio; Rodríguez, Karen - In: Journal of Financial Economic Policy 3 (2011) August, pp. 206-228
Purpose – The purpose of this paper is to study the short-term macroeconomic effects of the fiscal policy in Colombia for the 1980-2007 period using a structural vector autoregression (SVAR) model. Design/methodology/approach – The authors' benchmark is a five-variable SVAR model which...