Colombia : Selected Issues

This paper quantifies the dynamic effects of fiscal policy using a structural model, the Global Integrated Monetary and Fiscal Model (GIMF). The analysis finds that success of fiscal policy in enhancing macroeconomic stability depends on the type of shock, the response of monetary policy, and the le...

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Bibliographic Details
Corporate Author:	International Monetary Fund
Format:	Book
Language:	English
Published:	Washington, D.C. : International Monetary Fund, 2008
Series:	IMF Staff Country Reports ; Country Report No. 08/32 IMF Staff Country Reports; Country Report ; No. 2008/032 IMF eLibrary
Subjects:	Aggregate demand Capital expenditure Cyclical fiscal policy Economic growth Economic models Fiscal adjustment Fiscal balance Fiscal consolidation Fiscal contraction Fiscal contractions Fiscal deficit Fiscal loosening Fiscal multipliers Fiscal policy response Fiscal policy rule Fiscal policy Fiscal position Fiscal response Fiscal revenue Fiscal rule Fiscal shocks Fiscal space Fiscal surplus Fiscal tightening Forecasting inflation Foreign currency Government spending shocks Government spending Increase in consumption Increase in inflation Inflation rate Inflation response Inflation target Inflation targeting Inflation Inflationary consequences Inflationary pressures Macroeconomic stability Monetary policy Nominal interest rate Private savings Public investment Real interest rate Relative price Selected issues Structural fiscal Tax base Tax changes Tax cuts Tax income Tax increases Tax multiplier Tax rates Tax reductions Tax revenue Banking Banks and Banking Capacity Capital Central Banks and Their Policies Central bank operations Central banks Crisis management Currencies Currency Deflation Economic & financial crises & disasters Exchange rates Financial Institutions and Services: Government Policy and Regulation Fiscal Policy Fiscal stance Foreign Exchange Foreign exchange Government and the Monetary System Intangible Capital Investment Investments: General Macroeconomics Monetary Systems Monetary economics Money and Monetary Policy Money National accounts Payment Systems Price Level Prices Public Finance Public finance & taxation Regimes Return on investment Saving and investment Standards Colombia
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Colombia : Selected Issues

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