[PDF] Top 20 ← Return to Article Details An institutional vision for public debt in Brazil

... Bastaria a restrição de Clower, em que moeda compra bens e bens não com- pram bens, para afirmarmos não ser possível conviver sem moeda na realização de transações. 33 Embora a moeda tenha reduzido no momento de inflação ... See full document

... addition to these negative “balance sheet” impacts, exchange rate depreciation would have negative “inflation” impacts owing to exchange rate ...pass-through. In- creased inflation would be ... See full document

... and public saving have moved in opposite directions, especially (as noted earlier) after ...between public and private saving ...some public sector expenditures are often substitutes, which ... See full document

... indexed to the Selic rate (LFT) and the ex- change rate (increased issue of NBC-E and creation of NBC-F); and the issue of guaranteed public securities rose to 66% of all public debt ... See full document

... bond in total net interest payments and, therefore, the implicit interest ...share in the payment or receipt of interest flows on net debt (DLsP), as presented in the subsection “Data” on page ... See full document

... heterogeneities in financial flows in ...allowed to pinpoint the extent to which deposits in a given locality translates into credit operations in that ...relationship in ... See full document

... lead to fluctuations in the foreign- currency value of a government’s primary surplus, while generating increases in government revenues via real output ...common to see short-term speculation ... See full document

... has an important role in financing external debt, what kind of consequences can be associated with this second best classification? How sound is the World Bank’s classification? First, it is expected ... See full document

... economy in the period under review is the growth of the use of credit, especially consumer ...noted in Table 4 that the ratio of bank credit to GdP has risen from ...% in 1998 to 28.1% ... See full document

... social-based public policy imple- mented by the Lula government in the early 2000s and the counter-cyclical policies after the 2008 ...determination to reduce poverty created a large income transfer ... See full document

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

... system in the mid-nineties, the Cardoso government, that took office in early 1995, remained too busy to be able to have a clear stance about the tax reform at least till late ...continued ... See full document

... how to finance growth and in- vestments in technological ...relations to national politics). In short, choices or alternatives about financing of growth are about answering a seemingly ... See full document

... Bank Public Debt Director, the official name of the director in charge of monetary policy at that time, to create a Central Bank bill indexed to the overnight interest rate in ... See full document

... according to the assumption of productive industrial superiority, that production costs in agriculture should rise at least as fast as the industrial costs ...countries to specialize in ... See full document

... embedded in the wider process of globalization that had been going on mostly through gradual expansion in post-war international ...beginning in the mid-1970s in the OECD ...opening in ... See full document

... A LRF é exemplo bastante significativo de que mudanças substantivas em uma área de política pública, particularmente difícil, como a fiscal, podem, sim, advir de transformações institucionais, mas igualmente derivam de ... See full document

... aumen- to (redução) da variação diária percentual (isto é, da volatilidade) da taxa de câm- bio, há também movimentos de inclinação para cima (baixo) da trajetória da taxa de câmbio ... See full document

... state. In The New Industrial State, Galbraith challenges us to contemplate rigorously what happens when power pass- es irrevocably into the ...us to recognize that the fundamen- tal decision-making ... See full document

... the article by Gerson Lima on the manner by which fiscal deficit should be ...possible to treat as endogenous variables the national income and the government entries, what brings the result that the ... See full document