Uma análise da proposta de déficit nominal zero
By: PIRES, Manoel Carlos de Castro
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ArticlePublisher: São Paulo : Editora 34, out./dez. 2007Revista de Economia Política = Brazilian Journal of Political Economy 27, 4, p. 651-663Abstract: An analysis of the zero nominal deficit proposal. The aim of this paper is to evaluate the relationship between fiscal deficits and interest rate in Brazil. An adaptation of Taylors Rule is tested and the data confirmed this relationship. Furthermore, evidence from a loanable funds model shows that a lower deficit can bring interest rate down. However, policy coordination is a key feature in this process
An analysis of the zero nominal deficit proposal. The aim of this paper is to evaluate the relationship between fiscal deficits and interest rate in Brazil. An adaptation of Taylors Rule is tested and the data confirmed this relationship. Furthermore, evidence from a loanable funds model shows that a lower deficit can bring interest rate down. However, policy coordination is a key feature in this process
Revista de Economia PolíticaOutubro Dezembro 2007
v. 27 n. 4 (108)
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