9 resultados para Situación fiscal -- Colombia

em Archivo Digital para la Docencia y la Investigación - Repositorio Institucional de la Universidad del País Vasco


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[ES] Este trabajo tiene como objetivo explicar el concepto de impuesto ambiental y analizar la situación de la fiscalidad ambiental tanto en los países de la OCDE como en España. Además, también se explican los conceptos de reforma fiscal verde y Doble Dividendo y se ofrece un resumen de las diferentes reformas fiscales verdes llevadas a cabo en varios países a lo largo de las ultimas décadas.

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The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during the boom. We set up an RBC model of a small open economy, following Mendoza (1991), and introduce the effect of fiscal policy decisions that change over the cycle. We calibrate the model on data for Ireland, and simulate the effect of different spending policies in response to supply shocks. Procyclical fiscal policy distorts intertemporal allocation decisions. Temporary spending boosts in booms spur investment, and hence the need for external finance, and so generates very volatile cycles in investment and the current account. This economic instability is also harmful for the steady state level of output. Our model is able to replicate the relation between the degree of cyclicality of fiscal policy, and the volatility of consumption, investment and the current account observed in OECD countries.

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Fecha: 29-10-1937/10-11-1937 (>1970 reproducción) / Unidad de instalación: Carpeta 45 - Expediente 1-9 / Nº de pág.: 3 (mecanografiadas)

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This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the comovements between the Fed funds rate and the primary deficit/output ratio. Simple economic thinking establishes that a negative correlation between Fed rate and deficit arises whenever the two policy authorities share a common stabilization objective. However, when budget balancing concerns lead to a drastic deficit reduction the Fed may reduce the Fed rate in order to smooth the impact of fiscal policy, which results in a positive correlation between these two policy instruments. The empirical results show (i) a significant negative comovement between Fed rate and deficit and (ii) that deficit and output gap Granger-cause the Fed funds rate during the post-Volcker era, but the opposite is not true.

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This paper investigates optimal fiscal policy in a static multisector model. A Ramsey type planner chooses tax rates on each good type as well as spending levels on each good type subject to an exogenous total expenditure constraint and requirements that some minimum amount of spending be undertaken in each sector. It is shown that optimal policy does not equally spend in each sector but instead results in one of the minimum expenditure constraints binding.

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Fecha: 5-2-1940 (>1970 copia) / Unidad de instalación: Carpeta 45 - Expediente 2-11 / Nº de pág.: 8 (mecanografiadas)

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Fecha: 19-2-1940 / Unidad de instalación: Carpeta 45 - Expediente 2-12 / Nº de pág.: 2 (mecanografiadas)

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Published as an article in: Journal of Monetary Economics, 2003, vol. 50, issue 6, pages 1311-1331.