Arbeitspapier
Administração e sustentabilidade da dívida pública no Brasil: Uma análise para o período 1995-2007
This paper aims to evaluate how public debt management in Brazil has affected its sustainability in the 1996-2007 period. In 2003 Brazilian public debt management changed the trade off between cost minimization and risk minimization emphasizing the first element. Using a Markov-Switching model in order to model this policy change we access fiscal sustainability with Monte Carlo simulations. The results show that Brazilian public debt is sustainable in the medium run.
- Sprache
-
Portugiesisch
- Erschienen in
-
Series: Texto para Discussão ; No. 1342
- Klassifikation
-
Wirtschaft
Statistical Simulation Methods: General
National Debt; Debt Management; Sovereign Debt
Forecasts of Budgets, Deficits, and Debt
- Thema
-
Schuldenmanagement
Brasilien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mendonça, Mário Jorge
Pires, Manoel Carlos de Castro
Medrano, Luiz Alberto
- Ereignis
-
Veröffentlichung
- (wer)
-
Instituto de Pesquisa Econômica Aplicada (IPEA)
- (wo)
-
Brasília
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Mendonça, Mário Jorge
- Pires, Manoel Carlos de Castro
- Medrano, Luiz Alberto
- Instituto de Pesquisa Econômica Aplicada (IPEA)
Entstanden
- 2008