[PDF] Top 20 ← Return to Article Details The contagion effect of public debt on monetary policy

... has to be raised, within the arrangements that have to be carried out to implement this new legal framework, is whether or not the time has come for the Central Bank to ... See full document

... decides to “throw in the towel” if the interest rate hike necessary to keep the exchange rate at a certain level is so high that the loss function is actually larger than ... See full document

... up, on the one hand, contrarily to the period 2003-2006 in which the macroeconomic policy was related to the neoliberal tendencies, the second term of ... See full document

... (based on values such as legitimacy, accountability, compliance, ...ture on development refers to this when discussing the capacity of the Government to implement ... See full document

... A economia brasileira exibe uma série de peculiaridades que modificam e condicionam o modo pelo qual a política monetária opera no país. Por um lado, três décadas de alta inflação tornaram impossível a constituição de ... See full document

... In the context of the swedish model, social policies are designed to ensure basic quality of living to all citizens, while economic policies are focused on the ... See full document

... Frenkel the sustainability of the external surplus depends on the central Bank’s decision to fix the exchange rate and the size of the intervention in ... See full document

... mention the topic on which I cut my teeth as a practitioner: the conduct of monetary ...working monetary policy for about thirty years now – my longest professional ...for ... See full document

... if the debt is external, and needs to be serviced in foreign exchange by a developing ...level of external debt squeezes import capacity, and carries in addition the danger ... See full document

... that the choices made by Alesi- na and Ardagna, and other authors, bias the results away from contractionary ...seeks to identify epi- sodes of fiscal adjustment by policy-maker ... See full document

... in the Selic central bank rate is observed after 1999. Second, the output gap, when statistically significant, doesn’t have the expected ...sign. The third and fourth line carry the ... See full document

... in the periphery of the world economy, the latter being frequently hit by convert- ibility crises, devaluations and internal ...In effect, borrowing countries were not as capable as ... See full document

... 2005 to 2008, the Chinese currency appreciated by ...against the dollar in nominal terms. however, the intensification of the financial crisis in the us once again led ... See full document

... into the analysis implies fundamental difficulties in assessing attraction for speculative capital flows and their effect on the real exchange ...related to the definition and ... See full document

... that the promised land it envisions is a ...able to complain about? The country has a trade surplus and a primary surplus on the government ...budget. The source of ... See full document

... respect to the variables conductive to domestic policy mismanagement, they are grouped in terms of social cleavages and institutional maturity, as ...Rodrik. The former are ... See full document

... falls to 2%, then the real interest rate must fall to 8%. The above simple debt — GDP algebra reveals that Brazil’s problem is one of excessively high interest ...a ... See full document

... on the liabilities side, there are two major changes: the reduction in the dollar- denominated foreign debt, and, since 2010, the relative reduction of floating-rate bonds ... See full document

... confidence. The central bank has to convince the markets that its action is relevant so that it can use their ...order to be credible, the central bank must show and respect a clear ... See full document

... saída, on- de a dívida velha é trocada por uma nova capturando o desconto do mercado se- cundário, tendo seu preço baseado nos recursos futuros a serem gerados pelo país, tem o mesmo efeito do perdão ... See full document