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O Circuito Finance-Investimento-Poupança-Funding Na Economia Aberta E Com Governo

Author

Listed:
  • LUCIO OTAVIO SEIXAS BARBOSA
  • DOUGLAS ALCÂNTARA ALENCAR
  • GUSTAVO FIGUEIREDO CAMPOLINA DINIZ
  • MARCO FLÁVIO DA CUNHA REZENDE

Abstract

Keynes explained the Finance-Investment-Saving-Funding (FISF) circuit assuming a closed economy without government. Lately, Resende (2008) and Arestis and Resende (2015) expand the above circuit opening the economy, nonetheless without government. This paper novelty is to analyse the FISF circuit in an open economy context including government. Moreover, we studied the fiscal policy effects on aggregate demand. It is argued that when the economy is operating with current account surplus and under full capacity, expansionary fiscal policy stimulates aggregate income. Conclusions highlight the validity of the FISF circuit in an open economy context including government.
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Suggested Citation

  • Lucio Otavio Seixas Barbosa & Douglas Alcântara Alencar & Gustavo Figueiredo Campolina Diniz & Marco Flávio Da Cunha Rezende, 2016. "O Circuito Finance-Investimento-Poupança-Funding Na Economia Aberta E Com Governo," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 123, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    • Handle: RePEc:anp:en2015:123
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    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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