Una aproximación empírica a la comunicación fiscal y sus efectos sobre los rendimientos de los títulos de deuda pública para el caso colombiano
This paper presents an analysis to quantify the communication on fiscal policy in Colombia based on information available in the news about the government deficit issued by the main newspapers in the country. An index on the fiscal position is constructed and, by means of an econometric analysis, it...
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| Tipo de recurso: | tesis de maestría |
| Estado: | Versión aceptada para publicación |
| Fecha de publicación: | 2020 |
| País: | Colombia |
| Institución: | Universidad Nacional de Colombia |
| Repositorio: | Repositorio UN |
| Idioma: | español |
| OAI Identifier: | oai:repositorio.unal.edu.co:unal/77503 |
| Acceso en línea: | https://repositorio.unal.edu.co/handle/unal/77503 |
| Access Level: | acceso abierto |
| Palabra clave: | 330 - Economía Colombia - Deuda pública Colombia- Politica fiscal Public debt Fiscal policy |
| Sumario: | This paper presents an analysis to quantify the communication on fiscal policy in Colombia based on information available in the news about the government deficit issued by the main newspapers in the country. An index on the fiscal position is constructed and, by means of an econometric analysis, its effects on the public debt securities returns for the period 2010-2018 are estimated. The results indicate that the greater the fiscal deficit indicated in the fiscal news, the greater the return required in public debt, although the effects are only important in short-term securities |
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