Public Sector Economics

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Effects of fiscal credibility on inflation expectations: evidence from an emerging economy



Juan Camilo Anzoátegui-Zapata*
   
Juan Camilo Galvis-Ciro*
Article   |   Year:  2021   |   Pages:  125 - 148   |   Volume:  45   |   Issue:  1
Received:  July 16, 2020   |   Accepted:  November 10, 2020   |   Published online:  March 9, 2021
Download citation        https://doi.org/10.3326/pse.45.1.4       


Figure 1
Inflation expectations in the Colombian economy (in %)
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Figure 2
Fiscal deficit expectations and overall fiscal deficit observed in Colombia (in % of GDP)
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Figure 3
Fiscal credibility loss in Colombia case (in %)
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Figure 4
Inflation expectations and fiscal credibility loss in Colombia
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Table 1
Inflation expectations determinants in Colombia
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Figure 5
Fiscal credibility coefficient: recursive estimates, model 1, 2, 3, 4, 5 (in %)
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Table A1
Sources of data and description of the variables
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Table A2
Descriptive statistics
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Table A3
Unit root tests (ADF, PP, and KPSS)
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Table A4
VAR lag order selection criteria (with constant)
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Table A5
Number of cointegrating relations by model
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Table A6
List of GMM instrument
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  March, 2021
I/2021
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