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É o Mercado Míope em Relação à Política Fiscal Brasileira?


  • Alexandre Manoel Angelo da Silva
  • José Oswaldo Cândido Júnior


On this paper, we evaluate the relationship among expectations of fiscal policy and fiscal policy consistency, which is denoted by some public account variables. Our main proposal is to investigate if the expectations are affected by fiscal policy consistency. The empirical analysis, based on Brazilian monthly data for the period of 2003-2006, suggests that the expectations have not been affected by fiscal policy consistency.

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  • Alexandre Manoel Angelo da Silva & José Oswaldo Cândido Júnior, 2007. "É o Mercado Míope em Relação à Política Fiscal Brasileira?," Discussion Papers 1266, Instituto de Pesquisa Econômica Aplicada - IPEA.
  • Handle: RePEc:ipe:ipetds:1266

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