Munich Personal RePEc Archive

Inflation targeting and tax effort: Evidence from Colombia

Galvis Ciro, Juan Camilo and Ferreira de Mendonça, Helder (2016): Inflation targeting and tax effort: Evidence from Colombia.

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Abstract

This paper relates to the literature on the possible effect of inflation targeting on fiscal discipline in developing countries. In particular, we present empirical evidence to address this issue based on the Colombian experience. An empirical analysis to evaluate the reputation gains of the central bank on tax capacity use is made. The results indicate that an increase in the reputation of the monetary authority can lead to an increased tax effort.

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