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Um Olhar Sobre a Política Fiscal Recente

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  • Lopreato, Francisco Luiz Cazeiro

Abstract

The aim of this paper is to discuss the assumptions made to justify Government deficit control as the core of economic policy. The paper questions the direction of causality established by the traditional view that sees the Government deficit as a decisive element in determining inflation, the external deficit expansion, and the interest rate. In addition, the paper attempts to reconsider the role of fiscal policy in recent macroeconomic policy in Brazil, based on an analysis of the interrelations among fiscal, monetary, and exchange rate policies.

Suggested Citation

  • Lopreato, Francisco Luiz Cazeiro, 2002. "Um Olhar Sobre a Política Fiscal Recente," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 19, pages 1-26, January.
  • Handle: RePEc:euc:ancoec:v:19:y:2002:p:279-304
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    Keywords

    Public finance; Fiscal policy; Public debt.;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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