Intertemporal solvency and public debt : evidence from Brazil -1995-2004

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Titre:	Intertemporal solvency and public debt : evidence from Brazil -1995-2004
Auteur(s):	Souza, Geraldo da Silva e Moreira, Tito Belchior Silva Albuquerque, Joaquim Ramalho de
Assunto::	Dívida pública Solvência
Date de publication:	2008
Editeur:	Instituto de Pesquisa Econômica Aplicada (Ipea)
Référence bibliographique:	SOUZA, Geraldo da Silva e; MOREIRA, Tito Belchior Silva; ALBUQUERQUE, Joaquim Ramalho de. Intertemporal solvency and public debt: evidence from Brazil - 1995-2004. Planejamento e Políticas Públicas, Brasília, v. 1, p. 7-15, 2008. Disponível em: <http://www.ipea.gov.br/ppp/index.php/PPP/article/view/32>. Acesso em: 25 mar. 2013.
Résumé:	This article investigates the long-run solvency of the Brazilian public debt and the short run dynamics of government revenues and expenditures for monthly data from Jan/1995 to July/2004. Seignorage is not considered as a source of revenue. The conclusion is that the public debt is not solvent. Revenues are strongly exogenous for expenditures and the short run dynamics indicates that for each additional Real collected, the Brazilian government spends R$1,31 (±0.20 ).
Licença::	Planejamento e Políticas Públicas - Esta obra está licenciada sob uma Licença Creative (Attribution 3.0 Unported (CC BY 3.0)). Fonte: http://www.ipea.gov.br/ppp/index.php/PPP/about/submissions#copyrightNotice. Acesso em: 25 mar. 2013.
Collection(s) :	Artigos publicados em periódicos e afins