Abstract

RODRIGUEZ, Jorge Armando. Economic situation, fiscal policy and pandemic in Colombia. Rev.econ.inst. [online]. 2021, vol.23, n.44, pp.249-263.  Epub May 03, 2021. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v23n44.12.

This article analyzes the evolution of the Colombian economy during the COVID-19 pandemic from an aggregate perspective, as well as the fiscal policy adopted to face the crisis unleashed by the disease. It argues that in the current situation the main objective of macroeconomic policy should be to increase the level of employment and that the fiscal austerity adopted by the national government does not lead to that end. Furthermore, it considers the role of taxation in this context, and examines the government programs undertaken in use of emergency powers in light of the need for an economic and institutional framework that helps to effectively deal with socio-economic crises and natural disasters.

Keywords : COVID economics; Colombian economy; fiscal policy; JEL: I18, E02, E69.

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