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Financial composition of the public deficit

Author

Listed:
  • Fernando Maida Dall'Acqua

    (Fundação Getúlio Vargas, São Paulo/SP, Brasil.)

  • Luiz Carlos Bresser-Pereira

    (Fundação Getúlio Vargas, São Paulo/SP, Brasil.)

Abstract

Starting from this hypothesis this paper criticizes the conventional theory aboutthe public deficit and presents an alternative model of macroeconomic analysis of the effectsof the public deficit emphasizing its internal composition between interests and real expenditures. JEL Classification: H62; H68.

Suggested Citation

  • Fernando Maida Dall'Acqua & Luiz Carlos Bresser-Pereira, 1987. "Financial composition of the public deficit," Brazilian Journal of Political Economy, Center of Political Economy, vol. 7(2), pages 216-227, April.
    • Handle: RePEc:ekm:repojs:v:7:y:1987:i:2:id:96445
    DOI: 10.1590/0101-31571987-2054
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    Keywords

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    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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