É o Mercado Míope em Relação à Política Fiscal Brasileira?
AbstractOn this paper, we evaluate the relationship among expectations of fiscal policy and fiscal policy consistency, which is denoted by some public account variables. Our main proposal is to investigate if the expectations are affected by fiscal policy consistency. The empirical analysis, based on Brazilian monthly data for the period of 2003-2006, suggests that the expectations have not been affected by fiscal policy consistency.
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Bibliographic InfoPaper provided by Instituto de Pesquisa Econômica Aplicada - IPEA in its series Discussion Papers with number 1266.
Length: 35 pages
Date of creation: Apr 2007
Date of revision:
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