Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposal
<abstract language="eng">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...
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| Format: | Article |
| Language: | English |
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Editora 34
2007-12-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400009 |
| _version_ | 1818005969653727232 |
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| author | Manoel Carlos de Castro Pires |
| author_facet | Manoel Carlos de Castro Pires |
| author_sort | Manoel Carlos de Castro Pires |
| collection | DOAJ |
| description | <abstract language="eng">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. |
| first_indexed | 2024-04-14T04:53:55Z |
| format | Article |
| id | doaj.art-6627acc2b57247fd9a4d4da9845c6361 |
| institution | Directory Open Access Journal |
| issn | 0101-3157 1809-4538 |
| language | English |
| last_indexed | 2024-04-14T04:53:55Z |
| publishDate | 2007-12-01 |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj.art-6627acc2b57247fd9a4d4da9845c63612022-12-22T02:11:12ZengEditora 34Brazilian Journal of Political Economy0101-31571809-45382007-12-0127465166310.1590/S0101-31572007000400009Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposalManoel Carlos de Castro Pires<abstract language="eng">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.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400009interest ratemonetary policyfiscal policy |
| spellingShingle | Manoel Carlos de Castro Pires Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposal Brazilian Journal of Political Economy interest rate monetary policy fiscal policy |
| title | Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposal |
| title_full | Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposal |
| title_fullStr | Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposal |
| title_full_unstemmed | Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposal |
| title_short | Uma análise da proposta de déficit nominal zero An analysis of the zero nominal deficit proposal |
| title_sort | uma analise da proposta de deficit nominal zero an analysis of the zero nominal deficit proposal |
| topic | interest rate monetary policy fiscal policy |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400009 |
| work_keys_str_mv | AT manoelcarlosdecastropires umaanalisedapropostadedeficitnominalzeroananalysisofthezeronominaldeficitproposal |