Fiscal policy transmission mechanisms

The effect of fiscal policy over business cycles has been a source of major controversydespite the growing empirical literature and international experience. This paper proposesan analytical framework that allows us to analyze the transmission channels of fiscalpolicy, updating the most recent findi...

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Detalhes bibliográficos
Autores: Pires, Manoel Carlos, Paula, Luiz Fernando de
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2024
País:Brasil
Recursos:EDITORA 34
Repositorio:Revista de Economia Política
Idioma:portugués
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/2466
Acesso em linha:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2466
Access Level:acceso abierto
Palavra-chave:Política fiscal
multiplicadores fiscais
taxas de juros
investimentos
Fiscal policy
fiscal multipliers
interest rates
investments
Descrição
Resumo:The effect of fiscal policy over business cycles has been a source of major controversydespite the growing empirical literature and international experience. This paper proposesan analytical framework that allows us to analyze the transmission channels of fiscalpolicy, updating the most recent findings after the pandemic. In this way, it aims to contributeto a more detailed understanding of some of the main mechanisms by which fiscal policyaffects the economy. JEL Classification: E32; E63; H62.