{"title":"MULTIPLICADORES Y COORDINACIÓN FISCAL Y MONETARIA EN ARGENTINA, BRASIL, CHILE Y MÉXICO PARA EL DESARROLLO","authors":"Carlos Fraga, Israel Briseño, Miguel Heras","doi":"10.1016/j.rpd.2016.04.001","DOIUrl":null,"url":null,"abstract":"<div><p>The objective of this paper is to examine the relationship between fiscal and monetary policy coordination and fiscal multipliers in Argentina, Brazil, Chile, and Mexico. To do so, we first look at the theoretical framework of the New Consensus Macroeconomics (<span>ncm</span>), and then analyze the trends in the four countries for variables including consumption, investment, government spending, and interest rates. Finally, we present an estimate of the spending and monetary multipliers with proxy variables. The contribution of this paper consists of one, showing the inexistence of the crowding out effect, and two, quantifying the multipliers for the aforementioned countries.</p></div>","PeriodicalId":35889,"journal":{"name":"Problemas del Desarrollo","volume":"47 185","pages":"Pages 11-34"},"PeriodicalIF":0.0000,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.rpd.2016.04.001","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Problemas del Desarrollo","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0301703616300025","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 2
Abstract
The objective of this paper is to examine the relationship between fiscal and monetary policy coordination and fiscal multipliers in Argentina, Brazil, Chile, and Mexico. To do so, we first look at the theoretical framework of the New Consensus Macroeconomics (ncm), and then analyze the trends in the four countries for variables including consumption, investment, government spending, and interest rates. Finally, we present an estimate of the spending and monetary multipliers with proxy variables. The contribution of this paper consists of one, showing the inexistence of the crowding out effect, and two, quantifying the multipliers for the aforementioned countries.
期刊介绍：
roblemas del Desarrollo. Revista Latinoamericana de Economía, publicación trimestral, es el órgano oficial de divulgación del Instituto de Investigaciones Económicas de la Universidad Nacional Autónoma de México (UNAM), el que atento a la propuesta de sus fundadores, recibe todas las interpretaciones teóricas que con rigor científico, pretendan analizar las diferentes dificultades planteadas por el desarrollo económico, a fin de generar crítica, refutación y reconocer desacuerdos entre predicciones como cualquier teoría científica es capaz de hacerlo.
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