Public Sector Economics

922
Views



282
Downloads

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 %)
DISPLAY Figure

Figure 2
Fiscal deficit expectations and overall fiscal deficit observed in Colombia (in % of GDP)
DISPLAY Figure

Figure 3
Fiscal credibility loss in Colombia case (in %)
DISPLAY Figure

Figure 4
Inflation expectations and fiscal credibility loss in Colombia
DISPLAY Figure

Table 1
Inflation expectations determinants in Colombia
DISPLAY Table

Figure 5
Fiscal credibility coefficient: recursive estimates, model 1, 2, 3, 4, 5 (in %)
DISPLAY Figure

Table A1
Sources of data and description of the variables
DISPLAY Table

Table A2
Descriptive statistics
DISPLAY Table

Table A3
Unit root tests (ADF, PP, and KPSS)
DISPLAY Table

Table A4
VAR lag order selection criteria (with constant)
DISPLAY Table

Table A5
Number of cointegrating relations by model
DISPLAY Table

Table A6
List of GMM instrument
DISPLAY Table

  March, 2021
I/2021
In order to give you a better user experience, cookies have been stored on your computer.
Accept cookie     More information