Política fiscal, expectativas y transición dinámica en el modelo simple de crecimiento endógeno

En el modelo neoclásico simple de crecimiento endógeno este artículo muestra que las políticas fiscales que podrían considerarse expansivas propician un nivel de acervo de capital de largo plazo más elevado cuando son anunciadas que cuando no lo son. Sin embargo, el efecto de estas políticas sobre la tasa de crecimiento de largo plazo es el mismo independientemente de si son o no anunciadas. En particular, los cambios en las tasas de impuestos al consumo son neutrales cuando no son anunciados, pero tienen efectos de corto plazo sobre el crecimiento y permanentes sobre el acervo de capital cuando son anunciados.

Crecimiento endógeno, política fiscal, expectativas racionales, ecuación de Euler

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