Public debt in Colombia: a post-Keynesian and institutionalist analysis
This article studies the institutional framework and the empirical evolution of Colombian public debt for the period 2001-2020 within a post-Keynesian approach. The objective is to render clear the potential that debt emission has as a macroeconomic policy instrument, and consequently to propose va...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universidad Nacional de Colombia
2023-04-01
|
| Series: | Cuadernos de Economía |
| Subjects: | |
| Online Access: | https://revistas.unal.edu.co/index.php/ceconomia/article/view/102874 |
| _version_ | 1797768427030446080 |
|---|---|
| author | Federico Gutiérrez Naranjo |
| author_facet | Federico Gutiérrez Naranjo |
| author_sort | Federico Gutiérrez Naranjo |
| collection | DOAJ |
| description |
This article studies the institutional framework and the empirical evolution of Colombian public debt for the period 2001-2020 within a post-Keynesian approach. The objective is to render clear the potential that debt emission has as a macroeconomic policy instrument, and consequently to propose various policy routes for Colombian government. These policy routes suggest a different path than the one indicated by the orthodox economic tradition that has ruled the policy practiced in Colombia. In particular, taking into account the institutional and external limitations of fiscal policy, the revival of the ‘Development Bank’ inside the Central Bank of Colombia, and insist in and the need of cooperation and coordination of macroeconomic policies with the countries of the region are insisted.
|
| first_indexed | 2024-03-12T20:54:29Z |
| format | Article |
| id | doaj.art-a5fe01299ca24c7da3e25e609e3014fd |
| institution | Directory Open Access Journal |
| issn | 0121-4772 2248-4337 |
| language | English |
| last_indexed | 2024-03-12T20:54:29Z |
| publishDate | 2023-04-01 |
| publisher | Universidad Nacional de Colombia |
| record_format | Article |
| series | Cuadernos de Economía |
| spelling | doaj.art-a5fe01299ca24c7da3e25e609e3014fd2023-07-31T22:02:57ZengUniversidad Nacional de ColombiaCuadernos de Economía0121-47722248-43372023-04-01428810.15446/cuad.econ.v42n88.102874Public debt in Colombia: a post-Keynesian and institutionalist analysisFederico Gutiérrez Naranjo0University of EAFIT This article studies the institutional framework and the empirical evolution of Colombian public debt for the period 2001-2020 within a post-Keynesian approach. The objective is to render clear the potential that debt emission has as a macroeconomic policy instrument, and consequently to propose various policy routes for Colombian government. These policy routes suggest a different path than the one indicated by the orthodox economic tradition that has ruled the policy practiced in Colombia. In particular, taking into account the institutional and external limitations of fiscal policy, the revival of the ‘Development Bank’ inside the Central Bank of Colombia, and insist in and the need of cooperation and coordination of macroeconomic policies with the countries of the region are insisted. https://revistas.unal.edu.co/index.php/ceconomia/article/view/102874Public debtFiscal policyMonetary policyColombiaPost-Keynesian theory |
| spellingShingle | Federico Gutiérrez Naranjo Public debt in Colombia: a post-Keynesian and institutionalist analysis Cuadernos de Economía Public debt Fiscal policy Monetary policy Colombia Post-Keynesian theory |
| title | Public debt in Colombia: a post-Keynesian and institutionalist analysis |
| title_full | Public debt in Colombia: a post-Keynesian and institutionalist analysis |
| title_fullStr | Public debt in Colombia: a post-Keynesian and institutionalist analysis |
| title_full_unstemmed | Public debt in Colombia: a post-Keynesian and institutionalist analysis |
| title_short | Public debt in Colombia: a post-Keynesian and institutionalist analysis |
| title_sort | public debt in colombia a post keynesian and institutionalist analysis |
| topic | Public debt Fiscal policy Monetary policy Colombia Post-Keynesian theory |
| url | https://revistas.unal.edu.co/index.php/ceconomia/article/view/102874 |
| work_keys_str_mv | AT federicogutierreznaranjo publicdebtincolombiaapostkeynesianandinstitutionalistanalysis |