Debt ceiling and fiscal sustainability in Brazil: a quantile autoregression approach

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₆₃₁

_{ISSN 0104-8910}

Debt ceiling and fiscal sustainability in Brazil:

a quantile autoregression approach

Luiz Renato Lima, Raquel M. B. Sampaio, Wagner

Piazza Gaglianone

Os artigos publicados são de inteira responsabilidade de seus autores. As opiniões

neles emitidas não exprimem, necessariamente, o ponto de vista da Fundação

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´

Ultimos Ensaios Econˆomicos da EPGE

[606] Marcelo Cˆortes Neri, Luisa Carvalhaes, e Alessandra Pieroni. Inclus˜ao Digital e Redistribuic¸˜ao Privada. Ensaios Econˆomicos da EPGE 606, EPGE–FGV, Dez 2005.

[607] Marcelo Cˆortes Neri e Rodrigo Leandro de Moura. La institucionalidad del salario m´ınimo en Brasil. Ensaios Econˆomicos da EPGE 607, EPGE–FGV, Dez 2005.

[608] Marcelo Cˆortes Neri e Andr´e Luiz Medrado. Experimentando Microcr´edito: Uma An´alise do Impacto do CrediAMIGO sobre Acesso a Cr´edito. Ensaios Econˆomicos da EPGE 608, EPGE–FGV, Dez 2005.

[609] Samuel de Abreu Pessˆoa. Perspectivas de Crescimento no Longo Prazo para o Brasil: Quest˜oes em Aberto. Ensaios Econˆomicos da EPGE 609, EPGE–FGV, Jan 2006.

[610] Renato Galv˜ao Flˆores Junior e Masakazu Watanuki. Integration Options for Mercosul – An Investigation Using the AMIDA Model. Ensaios Econˆomicos da EPGE 610, EPGE–FGV, Jan 2006.

[611] Rubens Penha Cysne. Income Inequality in a Job–Search Model With Hetero-geneous Discount Factors (Revised Version, Forthcoming 2006, Revista Econo-mia). Ensaios Econˆomicos da EPGE 611, EPGE–FGV, Jan 2006.

[612] Rubens Penha Cysne. An Intra–Household Approach to the Welfare Costs of Inflation (Revised Version, Forthcoming 2006, Estudos Econˆomicos). Ensaios Econˆomicos da EPGE 612, EPGE–FGV, Jan 2006.

[613] Pedro Cavalcanti Gomes Ferreira e Carlos Hamilton Vasconcelos Ara´ujo. On the Economic and Fiscal Effects of Infrastructure Investment in Brazil. Ensaios Econˆomicos da EPGE 613, EPGE–FGV, Mar 2006.

[614] Aloisio Pessoa de Ara´ujo, Mario R. P´ascoa, e Juan Pablo Torres-Mart´ınez. Bub-bles, Collateral and Monetary Equilibrium. Ensaios Econˆomicos da EPGE 614, EPGE–FGV, Abr 2006.

[615] Aloisio Pessoa de Ara´ujo e Bruno Funchal. How much debtors’ punishment?. Ensaios Econˆomicos da EPGE 615, EPGE–FGV, Mai 2006.

[616] Paulo Klinger Monteiro. First–Price Auction Symmetric Equilibria with a Ge-neral Distribution. Ensaios Econˆomicos da EPGE 616, EPGE–FGV, Mai 2006.

[618] Renato Galv˜ao Flˆores Junior, Maria Paula Fontoura, e Rog´erio Guerra Santos. Foreign direct investment spillovers in Portugal: additional lessons from a coun-try study. Ensaios Econˆomicos da EPGE 618, EPGE–FGV, Jun 2006.

[619] Ricardo de Oliveira Cavalcanti e Neil Wallace. New models of old(?) payment questions. Ensaios Econˆomicos da EPGE 619, EPGE–FGV, Set 2006.

[620] Pedro Cavalcanti Gomes Ferreira, Samuel de Abreu Pessˆoa, e Fernando A. Ve-loso. The Evolution of TFP in Latin America. Ensaios Econˆomicos da EPGE 620, EPGE–FGV, Set 2006.

[621] Paulo Klinger Monteiro e Frank H. Page Jr. Resultados uniformemente seguros e equil´ıbrio de Nash em jogos compactos. Ensaios Econˆomicos da EPGE 621, EPGE–FGV, Set 2006.

[622] Renato Galv˜ao Flˆores Junior. DOIS ENSAIOS SOBRE DIVERSIDADE CUL-TURAL E O COM ´ERCIO DE SERVIC¸ OS. Ensaios Econˆomicos da EPGE 622, EPGE–FGV, Set 2006.

[623] Paulo Klinger Monteiro, Frank H. Page Jr., e Benar Fux Svaiter.Exclus˜ao e mul-tidimensionalidade de tipos em leil˜oes ´otimos. Ensaios Econˆomicos da EPGE 623, EPGE–FGV, Set 2006.

[624] Jo˜ao Victor Issler, Afonso Arinos de Mello Franco, e Osmani Teixeira de Carva-lho Guill´en. The Welfare Cost of Macroeconomic Uncertainty in the Post–War Period. Ensaios Econˆomicos da EPGE 624, EPGE–FGV, Set 2006.

[625] Rodrigo Leandro de Moura e Marcelo Cˆortes Neri. Impactos da Nova Lei de Pisos Salariais Estaduais. Ensaios Econˆomicos da EPGE 625, EPGE–FGV, Out 2006.

[626] Renato Galv˜ao Flˆores Junior. The Diversity of Diversity: further methodolo-gical considerations on the use of the concept in cultural economics. Ensaios Econˆomicos da EPGE 626, EPGE–FGV, Out 2006.

[627] Maur´ıcio Canˆedo Pinheiro, Samuel Pessˆoa, e Luiz Guilherme Schymura. O Brasil Precisa de Pol´ıtica Industrial? De que Tipo?. Ensaios Econˆomicos da EPGE 627, EPGE–FGV, Out 2006.

[628] Fabio Araujo, Jo˜ao Victor Issler, e Marcelo Fernandes. A Stochastic Discount Factor Approach to Asset Pricing Using Panel Data. Ensaios Econˆomicos da EPGE 628, EPGE–FGV, Nov 2006.

[629] Luiz Renato Regis de Oliveira Lima e Breno de Andrade Pinheiro Neri. Compa-ring Value–at–Risk Methodologies. Ensaios Econˆomicos da EPGE 629, EPGE– FGV, Nov 2006.