A gerência recente do endividamento público brasileiro
AbstractWe use two frameworks to analyze the recent Brazilian public debt management. The first one encompasses the Brazilian optimal public debt management analysis through the examination of the correlations among the main variables to which the public debt is indexed. The second seeks to address the consequences of recent Brazilian economic policies, such as international reserves accumulation through sterilized interventions by the Central Bank and excessive capitalization of federal financial institutions. Those policies have important, albeit often ignored, fiscal impacts, which became important to determine the current size, maturity and composition of the public debt stock.
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Bibliographic InfoPaper provided by Department of Economics PUC-Rio (Brazil) in its series Textos para discussão with number 595.
Date of creation: Oct 2011
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optimal public debt management; Brazil; public bonded debt. Jel Codes: H63; E58;
Find related papers by JEL classification:
- pub - - - - - -
- bon - - - - - -
- deb - - - - - -
- Jel - Labor and Demographic Economics - - - - -
- Cod - Mathematical and Quantitative Methods - - - - -
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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