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Debt ceiling and fiscal sustainability in Brazil: a quantile autoregression approach

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Luiz Renato Regis de Oliveira Lima (EPGE/FGV)
Raquel M. B. Sampaio
Wagner Piazza Gaglianone

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Paper provided by Graduate School of Economics, Getulio Vargas Foundation (Brazil) in its series Economics Working Papers (Ensaios Economicos da EPGE) with number 631.

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Date of creation: Nov 2006
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Handle: RePEc:fgv:epgewp:631

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  1. Marcio Garcia & Roberto Rigobon, 2004. "A Risk Management Approach to Emerging Market's Sovereign Debt Sustainability with an Application to Brazilian Data," NBER Working Papers 10336, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Marcelo Côrtes Neri & Rodrigo Leandro de Moura, 2005. "La institucionalidad del salario mínimo en Brasil," Economics Working Papers (Ensaios Economicos da EPGE) 607, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  3. Paulo Klinger Monteiro & Frank H. Page Jr., 2006. "Resultados uniformemente seguros e equilíbrio de Nash em jogos compactos," Economics Working Papers (Ensaios Economicos da EPGE) 621, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  4. Renato Galvão Flôres Junior & Maria Paula Fontoura & Rogério Guerra Santos, 2006. "Foreign direct investment spillovers in Portugal: additional lessons from a country study," Economics Working Papers (Ensaios Economicos da EPGE) 618, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  5. Rubens Penha Cysne, 2006. "Income Inequality in a Job-Search Model With Heterogeneous Discount Factors," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 7(2), pages 217-224. [Downloadable!]
  6. Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano, 2003. "Debt Intolerance," NBER Working Papers 9908, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  7. Rubens Penha Cysne, 2006. "Income Inequality in a Job-Search Model With Heterogeneous Discount Factors (Revised Version, Forthcoming 2006, Revista Economia)," Economics Working Papers (Ensaios Economicos da EPGE) 611, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  8. Samuel de Abreu Pessôa, 2006. "Perspectivas de Crescimento no Longo Prazo para o Brasil: Questões em Aberto," Economics Working Papers (Ensaios Economicos da EPGE) 609, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  9. Koenker, Roger & Xiao, Zhijie, 2006. "Quantile Autoregression," Journal of the American Statistical Association, American Statistical Association, vol. 101, pages 980-990, September. [Downloadable!] (restricted)
  10. Hamilton, James D & Flavin, Marjorie A, 1986. "On the Limitations of Government Borrowing: A Framework for EmpiricalTesting," American Economic Review, American Economic Association, vol. 76(4), pages 808-19, September. [Downloadable!] (restricted)
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  11. Paulo Klinger Monteiro, 2006. "First-Price Auction Symmetric Equilibria with a General Distribution," Economics Working Papers (Ensaios Economicos da EPGE) 616, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
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  12. Hakkio, Craig S & Rush, Mark, 1991. "Is the Budget Deficit "Too Large?"," Economic Inquiry, Oxford University Press, vol. 29(3), pages 429-45, July.
  13. Renato Galvão Flôres Junior & Masakazu Watanuki, 2006. "Is China a Northern Partner to Mercosul?," Economics Working Papers (Ensaios Economicos da EPGE) 617, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  14. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January. [Downloadable!] (restricted)
  15. Aloisio Pessoa de Araújo & Bruno Funchal, 2006. "How much debtors' punishment?," Economics Working Papers (Ensaios Economicos da EPGE) 615, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  16. Luiz Renato Regis de Oliveira Lima & Breno de Andrade Pinheiro Neri, 2006. "Comparing Value-at-Risk Methodologies," Economics Working Papers (Ensaios Economicos da EPGE) 629, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
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  17. Alesina, A. & Drazen, A., 1991. "Why Are Stabilizations Delayed?," Papers 6-91, Tel Aviv - the Sackler Institute of Economic Studies.
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  18. Viviane Luporini, 2000. "Sustainability of the Brazilian Fiscal Policy and Central bank Independence," Revista Brasileira de Economia, Graduate School of Economics, Getulio Vargas Foundation (Brazil), vol. 54(2), April.
  19. Renato Galvão Flôres Junior & Masakazu Watanuki, 2006. "Integration Options for Mercosul - An Investigation Using the AMIDA Model," Economics Working Papers (Ensaios Economicos da EPGE) 610, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  20. Henning Bohn, 2005. "The Sustainability of Fiscal Policy in the United States," CESifo Working Paper Series CESifo Working Paper No. , CESifo GmbH. [Downloadable!]
  21. Roger Koenker & Zhijie Xiao, 2004. "Unit Root Quantile Autoregression Inference," Journal of the American Statistical Association, American Statistical Association, vol. 99, pages 775-787, January. [Downloadable!] (restricted)
  22. Troy Davig, 2005. "Periodically expanding discounted debt: a threat to fiscal policy sustainability?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(7), pages 829-840. [Downloadable!]
  23. João Victor Issler & Afonso Arinos de Mello Franco & Osmani Teixeira de Carvalho Guillén, 2006. "The Welfare Cost of Macroeconomic Uncertainty in the Post-War Period," Economics Working Papers (Ensaios Economicos da EPGE) 624, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
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  24. Fabiana Rocha, 1997. "Long-Run Limits on the Brazilian Government Debt," Revista Brasileira de Economia, Graduate School of Economics, Getulio Vargas Foundation (Brazil), vol. 51(4), April.
  25. Rodrigo Leandro de Moura & Marcelo Côrtes Neri, 2006. "Impactos da Nova Lei de Pisos Salariais Estaduais," Economics Working Papers (Ensaios Economicos da EPGE) 625, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  26. Fabiana Rocha, 2001. "Is There Any Rationale to the Brazilian Fiscal Policy?," Revista Brasileira de Economia, Graduate School of Economics, Getulio Vargas Foundation (Brazil), vol. 55(3), April.
  27. Efstathios Paparoditis & Dimitris N. Politis, 2003. "Residual-Based Block Bootstrap for Unit Root Testing," Econometrica, Econometric Society, vol. 71(3), pages 813-855, 05. [Downloadable!] (restricted)
  28. Sarno, Lucio, 2001. "The behavior of US public debt: a nonlinear perspective," Economics Letters, Elsevier, vol. 74(1), pages 119-125, December. [Downloadable!] (restricted)
  29. repec:rus:hseeco:123922 is not listed on IDEAS
  30. Pedro Cavalcanti Gomes Ferreira & Samuel de Abreu Pessôa & Fernando A. Veloso, 2006. "The Evolution of TFP in Latin America," Economics Working Papers (Ensaios Economicos da EPGE) 620, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  31. Giavazzi, Francesco & Pagano, Marco, 1990. "Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries," CEPR Discussion Papers 417, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  32. Paulo Klinger Monteiro & Frank H. Page Jr. & Benar Fux Svaiter, 2006. "Exclusão e multidimensionalidade de tipos em leilões ótimos," Economics Working Papers (Ensaios Economicos da EPGE) 623, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  33. Roger Koenker & Zhijie Xiao, 2002. "Inference on the Quantile Regression Process," Econometrica, Econometric Society, vol. 70(4), pages 1583-1612, July. [Downloadable!] (restricted)
  34. Rubens Penha Cysne, 2006. "An Intra-Household Approach to the Welfare Costs of Inflation (Revised Version, Forthcoming 2006, Estudos Econômicos)," Economics Working Papers (Ensaios Economicos da EPGE) 612, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
  35. Merih Uctum & Michael Wickens, 1996. "Debt and deficit ceilings, and sustainability of fiscal policies: an intertemporal analysis," Research Paper 9615, Federal Reserve Bank of New York. [Downloadable!]
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  36. Andrews, Donald W K, 1993. "Tests for Parameter Instability and Structural Change with Unknown Change Point," Econometrica, Econometric Society, vol. 61(4), pages 821-56, July. [Downloadable!] (restricted)
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  1. Mário Jorge Mendonça & Cláudio H. dos Santos, 2008. "Revisitando a Função de Reação Fiscal no Brasil Pós-Real: Uma Abordagem de Mudanças de Regime," Discussion Papers 1337, Instituto de Pesquisa Econômica Aplicada - IPEA. [Downloadable!]
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