Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/191980 
Year of Publication: 
2016
Citation: 
[Journal:] Atlantic Review of Economics [ISSN:] 2174-3835 [Volume:] 1 [Publisher:] Colegio de Economistas de A Coruña [Place:] A Coruña [Year:] 2016
Publisher: 
Colegio de Economistas de A Coruña, A Coruña
Abstract (Translated): 
This paper analyzes the impact of external price shocks on fiscal policy in Argentina during the last two decades. The paper evaluates, through VAR models with long-term restrictions, the effects of the terms of trade, and the output gap, in revenues, expenditures and the primary fiscal deficit, for the period 1993-2015. The estimation results show that the fiscal policy would have been pro cyclical, since the expenditures and the primary fiscal deficit of the national government increased during periods of boom in commodity prices. The terms of trade and inflation rates would be more important, than shocks in the output gap, to explain the volatility of fiscal ratios, in the long run.
Subjects: 
Argentina
terms of trade
fiscal policy
SVAR models
JEL: 
C32
E62
Q33
Document Type: 
Article

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