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Los saldos presupuestarios cíclico y estructural de la economía española

Author

Listed:
  • Varela, J.
  • Corrales, F.
  • Doménech, Roberto A.

Abstract

En este trabajo se propone un método sencillo de descomposición del saldo presupuestario en su componente cíclico y estructural que trata de ser fácilmente reproducible y poco exigente con el volumen de información necesario para realizar esta descomposición. La regla propuesta se caracteriza porque la respuesta del saldo presupuestario al ciclo económico depende del tamaño del sector público. Los resultados de la descomposición efectuada permiten concluir que la mayor parte de las variaciones en el saldo presupuestario en términos del PIB han sido ocasionadas por cambios discrecionales de la política fiscal, que no han venido guiadas por un objetivo de estabilización, y que el Pacto de Estabilidad y Crecimiento no limita la actuación de los estabilizadores automáticos en una situación de equilibrio presupuestario a largo plazo. Classification-JEL : E32, E60.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Varela, J. & Corrales, F. & Doménech, Roberto A., 2003. "Los saldos presupuestarios cíclico y estructural de la economía española," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34912, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col093:34912
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    File URL: http://repositorio.cepal.org/handle/11362/34912
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    Cited by:

    1. Arturo Melián-González, 2021. "The Expenditure Rule in the Spanish Organic Law on Budgetary Stability and Financial Sustainability and its Impact on the Autonomous Communities," Hacienda Pública Española / Review of Public Economics, IEF, vol. 237(2), pages 57-84, June.

    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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