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O debate sobre a redução do déficit fiscal no Brasil: uma crítica pós-keynesiana [The debate over the reduction of the fiscal deficit in Brazil: a post-Keynesian critique]

Author

Listed:
  • Mariana de Lourdes Moreira Lopes

    (Secretaria do Tesouro Nacional)

  • Maria de Lourdes Rollemberg Mollo

    (UnB)

Abstract

The article analyses the debate over fiscal deficit reduction in Brazil from a post-Keynesian perspective. After an overview of the conclusions about the role of money and of the State that are the basis of the controversies about fiscal policy, monetary policy and the consequent prescribed manner of reducing fiscal deficits, the article illustrates this debate with estimates of VAR models, and agrees with the heterodox side of the controversy.

Suggested Citation

  • Mariana de Lourdes Moreira Lopes & Maria de Lourdes Rollemberg Mollo, 2011. "O debate sobre a redução do déficit fiscal no Brasil: uma crítica pós-keynesiana [The debate over the reduction of the fiscal deficit in Brazil: a post-Keynesian critique]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 21(1), pages 67-103, January-A.
    • Handle: RePEc:nov:artigo:v:21:y:2011:i:1:p:67-103
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    More about this item

    Keywords

    Post-Keynesianism; fiscal policy; monetary policy;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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