Uma análise da proposta de déficit nominal zero

Bibliographic Data

ID4369203
AuthorsMarcos Cordeiro Pires (0000-0002-1914-2004, Institut Für Prozeßadaptive und Erfahrungsgeleitete Automatisierung (Germany), corresponding author), Manoel Carlos De Castro Pires (IPEA)
Year2007
Volume27
Issue4
Pages651-663
Publication date2007-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueBrazilian Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0101-3157 • E-ISSN: 1809-4538
PublisherFapUNIFESP (SciELO) (PUBLISHER)
DOI10.1590/s0101-31572007000400009
OpenAlexW2047059776
SCIELO_PIDS0101-31572007000400009
LanguagePT
Citations received2
References cited13

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

Economics · Interest rate · Keynesian economics · Linguistics · Loanable funds · Monetary economics · Nominal interest rate · Real interest rate · Welfare economics · Zero (linguistics · Zero lower bound · Economic Theory and Policy · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact · Philosophy

Tools

Open DOIOpen Access