La regla fiscal y su papel estabilizador en Colombia: ¿qué se vislumbra en los próximos años?

This paper analyzes the macroeconomic stabilization role of the quantitative fiscal rule submitted by the national government in July 2010, if it is adopted. This role is crucial to the case of countries with rich natural resources. The forecasting exercises that are developed in this paper show how the fiscal rule reacts to three alternative scenarios of economic growth: First, when it grows to its potential level; second, when there is a deep recession like happened at the end of the nineties; and third, when there is an expansion phase as it did between 1993 and 1997. The rule will modify the pro-cyclicality management that historically the government has given the country’s public finances

• Autores: Lozano, Luis Ignacio
• Tipo de recurso: Article of journal
• Fecha de publicación: 2010
• Institución: Universidad Católica de Colombia
• Repositorio: RIUCaC - Repositorio U. Católica
• Idioma: spa
• OAI Identifier: oai:repository.ucatolica.edu.co:10983/622
• Acceso en línea: http://hdl.handle.net/10983/622
• Palabra clave: REGLAS FISCALES; CONTRA-CICLICIDAD; SOSTENIBILIDAD DE LA DEUDA; FISCAL RULES; COUNTERCYCLICALITY; DEBT SUSTAINABILITY; POLITICA FISCAL-COLOMBIA; POLITICA ECONOMICA; ECONOMIA POLITICA; POLITICA MONETARIA-COLOMBIA
• Rights: openAccess
• License: Derechos Reservados - Universidad Católica de Colombia, 2010