MULTIPLICADORES Y COORDINACIÓN FISCAL Y MONETARIA EN ARGENTINA, BRASIL, CHILE Y MÉXICO PARA EL DESARROLLO

Carlos Fraga; Israel Briseño; Miguel Heras

doi:10.1016/j.rpd.2016.04.001

MULTIPLICADORES Y COORDINACIÓN FISCAL Y MONETARIA EN ARGENTINA, BRASIL, CHILE Y MÉXICO PARA EL DESARROLLO

Translated title of the contribution: Multipliers and fiscal and monetary coordination for development in Argentina, Brazil, Chile, and Mexico

Carlos Fraga, Israel Briseño, Miguel Heras

Escuela Superior de Economía (ESE)

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

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.

Translated title of the contribution	Multipliers and fiscal and monetary coordination for development in Argentina, Brazil, Chile, and Mexico
Original language	Spanish
Pages (from-to)	11-34
Number of pages	24
Journal	Problemas del Desarrollo
Volume	47
Issue number	185
DOIs	https://doi.org/10.1016/j.rpd.2016.04.001
State	Published - 1 Apr 2016

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title = "MULTIPLICADORES Y COORDINACI{\'O}N FISCAL Y MONETARIA EN ARGENTINA, BRASIL, CHILE Y M{\'E}XICO PARA EL DESARROLLO",

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.",

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AU - Briseño, Israel

AU - Heras, Miguel

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N2 - 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.

AB - 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.

KW - Consumption

KW - Fiscal and monetary policy

KW - Fiscal multipliers

KW - Interest rates

KW - Investment

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DO - 10.1016/j.rpd.2016.04.001

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JO - Problemas del Desarrollo

JF - Problemas del Desarrollo

IS - 185

ER -

MULTIPLICADORES Y COORDINACIÓN FISCAL Y MONETARIA EN ARGENTINA, BRASIL, CHILE Y MÉXICO PARA EL DESARROLLO

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