Uma análise da proposta de déficit nominal zero

Revista de Economia Política

Manoel Carlos De Castro Pires¹ 

[1] ,IPEA coordenação de finanças públicas

关键词: interest rate;    monetary policy;    fiscal policy;   

DOI  :  10.1590/S0101-31572007000400009

来源: SciELO

【 摘 要 】

The aim of this paper is to evaluate the relationship between fiscal deficits and interest rate in Brazil. An adaptation of Taylor’s 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.

【 授权许可】

CC BY   
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