<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2008000100083</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[¿Puede la política fiscal ayudar alcanzar la convergencia de la inflación? La experiencia española]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Martín-Moreno]]></surname>
<given-names><![CDATA[José María]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Vigo  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2008</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2008</year>
</pub-date>
<volume>75</volume>
<numero>297</numero>
<fpage>83</fpage>
<lpage>107</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2008000100083&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2008000100083&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2008000100083&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Ocurre la inflación dual cuando los aumentos de precios de los bienes no comerciables son mayores que los de los bienes comerciables. En este artículo elaboramos un modelo sencillo en el que el gasto público tiene una externalidad positiva en la producción de ambos sectores. Los resultados principales sugeridos por el artículo son los siguientes: i) un aumento del gasto público no productivo no genera una inflación dual, lo que confirma el resultado de Balassa-Samuelson; ii) un aumento del gasto público productivo incrementa la productividad de ambos sectores y esto puede conducir a la inflación dual, la deflación dual o ningún efecto en los precios, y iii) la inflación dual ocurre sólo cuando el gasto público productivo tiene un efecto en la tecnología del sector comerciable mayor que en la del no comerciable, como lo ilustran los datos españoles.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: Dual inflation takes place when price increases in non tradable goods are higher than those of tradable goods. In this paper, we develop a simple model where public spending has a positive externality on the production of both sectors. The main results suggested by the paper are the following: i) An increase in non-productive public spending does not generate dual inflation, as the usual Balassa-Samuelson result states; ii) An increase in productive public spending rises the productivity of both sectors and this can result in dual inflation, dual deflation or no effect on prices; and, iii) Dual inflation only takes place when productive public spending has a higher effect on the technology of the tradable sector than on the non-tradable one, as illustrated making use the Spanish data.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[inflación dual]]></kwd>
<kwd lng="es"><![CDATA[gasto público productivo]]></kwd>
<kwd lng="es"><![CDATA[competitividad]]></kwd>
</kwd-group>
</article-meta>
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