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El efecto del gasto público en el ciclo económico: una visión alternativa

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  • Daniel Velázquez Orihuela

    (Universidad Autónoma del Estado de Hidalgo)

Abstract

In this paper, we built a general equilibrium model in order to analyze how the prices and allocations are changed by the government consumption which is financed with debt. It is shown the period in with the government spending the employment and output increase. However, in subsequent periods will put the economy on a path of growth (decline), if government spending generated more (less) resources than required to finance.

Suggested Citation

  • Daniel Velázquez Orihuela, 2015. "El efecto del gasto público en el ciclo económico: una visión alternativa," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 30(1), pages 93-140.
    • Handle: RePEc:emx:esteco:v:30:y:2015:i:1:p:93-140
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/24/24
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    References listed on IDEAS

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    More about this item

    Keywords

    effective demand; economic fluctuations; unemployment; fiscal policy; keynesian multiplier;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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