Non-ricardian aspects of fiscal policy in Chile

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dc.contributor.authorCéspedes, Luis Felipe
dc.contributor.authorFornero, Jorge
dc.contributor.authorGalí, Jordi
dc.coverage.spatialCHILEes_ES
dc.date.accessioned2019-11-01T00:05:45Z
dc.date.available2019-11-01T00:05:45Z
dc.date.issued2013
dc.descriptionIn this paper we examine the effects of government spending shocks in the Chilean economy. The study of the effects of such shocks in an emerging market economy is of special interest because of the potential presence of non-Ricardian households that is households that do not own any assets or have any liabilities and just consume their current labor income. The existence of non-Ricardian households has been suggested as a key ingredient in the transmission mechanism of government spending shocks in some developed economies. Several factors may explain non-Ricardian behavior including myopia and lack of access to capital markets. Such behavior is likely to be especially important in less developed economies.
dc.file.nameBCCh-sbc-v17-p283_322
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 283-322
dc.identifier.isbn978-956-7421-37-4
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3789
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 17
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectPOLÍTICA FISCALes_ES
dc.subjectGASTOS PÚBLICOSes_ES
dc.titleNon-ricardian aspects of fiscal policy in Chile
dc.type.docArtículo

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