Evaluación de la Política Fiscal de Bolivia

Valdivia Coria, Joab Dan (2016): Evaluación de la Política Fiscal de Bolivia. Published in:

Abstract

I built a general equilibrium model for a small open economy, in order to analyze the effects of fiscal spending in Bolivia, observing certain effects on variables like is constructed: GDP, consumption, investment, exports, imports, real exchange rate and interest rate. Shocks are transmitted to the economy in the presence of the relationship between fiscal spending and the international price of oil, which was analyzed. The results indicate that in the short-term commodity price shock and fiscal spending have positively impacts in the product and despise the way real change.

• Item Type: MPRA Paper
• English Title: Evaluation of Bolivia's Fiscal Policy
• Language: Spanish
• Keywords: Key words: Bayesian Estimation, Open Economy, Fiscal Spending, Dynamic Stochastic General Equilibrium (DSGE), commodity Price.
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy ; Stabilization ; Treasury Policy; H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H39 - Other

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