Uma análise da proposta de déficit nominal zero

AUTOR(ES)
FONTE

Brazilian Journal of Political Economy

DATA DE PUBLICAÇÃO

2007-12

RESUMO

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.

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