Los efectos de la política fiscal y el producto externo en una economía emergente abierta al exterior

En corto plazo los efectos de una política fiscal expansiva y de un incremento en el producto externo son similares para el producto doméstico y el tipo de cambio real. Sin embargo, en el largo plazo la política fiscal expansiva provoca una reducción neta del producto doméstico y un incremento neto del tipo de cambio real, mientras que el aumento del producto externo incrementa aún más el producto doméstico y propicia una reducción adicional del tipo de cambio real. Ante una caída del producto externo, una política fiscal contra cíclica puede estabilizar el producto doméstico en corto plazo. En largo plazo se refuerzan los efectos recesivos del choque original

política fiscal, cuenta corriente, producto externo, tipo de cambio real

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