Cerda, Rodrigo; Lagos, Luis Felipe; González, Hermann - In: Latin American Journal of Economics-formerly Cuadernos … 42 (2005) 125, pp. 63-77
This paper identifies the dynamic effects of fiscal policy on economic activity (GDP) in the Chilean economy. We use a structural vector autoregression (SVAR) methodology. The main results are: a positive fiscal expenditure shock has a negative effect on