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- W1489492163 abstract "espanolEl trabajo desarrolla un modelo para analizar el uso de la politica como un instrumento moderador del ciclo. Se considera asi el nivel de tendencia en base al cual establecer las medidas compensatorias, las limitaciones de la politica fiscal como son entre otras, el descuento de los mayores impuestos futuros asociados a la colocacion de la deuda neta, la sustitucion de gasto privado por publico, la filtracion de la mayor demanda por el sector externo. Se comenta tambien la reversion a largo plazo de las politicas fiscales expansivas de corto plazo. Se toma especial cuidado en estudiar el caso para pequenas economias abiertas asi como se discute que deficit es relevante, el nominal o aquel ajustado por inflacion. EnglishThis paper develops a model to analyze the use of fiscal policy as a tool to attenuate the business cycle. It is considered in this way the trend level over which it can be triggered the compensatory measures, the limitations on fiscal policy, as for example, the discount of future tax liabilities associated to an increase in public debt, the substitution of public expenditure for private expenditure, the leakage by the external sector of the higher internal demand, etc. In the paper it is given consideration to the reversions in the long-run of short-run fiscal policies. The small open economy is specially analyzed as well as what level of deficit is relevant for policy, the nominal deficit or that one adjusted by inflation." @default.
- W1489492163 created "2016-06-24" @default.
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- W1489492163 date "1987-06-30" @default.
- W1489492163 modified "2023-09-24" @default.
- W1489492163 title "La politica fiscal compensatoria" @default.
- W1489492163 hasPublicationYear "1987" @default.
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