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Sustentabilidade da Dívida Pública no Brasil

Author

Listed:
  • Fernando de Aquino Fonseca Neto

    (Banco Central do Brasil)

  • Joanílio Rodolpho Teixeira

    (UnB)

Abstract

The objective of this paper is to analyse the sustainability conditions of the Brazilian public debt since the Real Plan in July 1994. A new concept of liquidity public debt is introduced which is discussed in terms of GDP shares. Its absolute growth is divided among components and its volatility and increase in time, is evaluated. An index of sustainability of public debt involving balance ratios and maturities is suggested to provide a better analysis than those presently available..

Suggested Citation

  • Fernando de Aquino Fonseca Neto & Joanílio Rodolpho Teixeira, 2006. "Sustentabilidade da Dívida Pública no Brasil," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 7(1), pages 101-132.
  • Handle: RePEc:anp:econom:v:7:y:2006:i:1:p:101-132
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    File URL: http://www.anpec.org.br/revista/vol7/vol7n1p101_132.pdf
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    More about this item

    Keywords

    Dívida Pública; Liquidez; Sustentabilidade;

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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