Dívida pública e estabilidade de preços no período pós-real: explorando relações empíricas
DOI:
https://doi.org/10.1590/S0101-41612004000200005Keywords:
exchange rate, inflation, public sector borrowing requirements (primary and real interest), public debtAbstract
The objective of this paper is to study the empirical evidences for the dynamic of the public debt from some variables that are associated with the search for price stability in the period after the introduction of the Real plan. For this, a vector autoregression model is made (VAR) for analyzing the empirical regularities from the relationship among: primary result X public sector borrowing requirements (real interest) X exchange rate X inflation X public debt. The findings denote that the price stability observed in the period is not enough to promote reductions in the public debt and that a new indexation framework is necessary.Downloads
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Copyright (c) 2004 Helder Ferreira de Mendonça
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