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.
- Language
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Portugiesisch
- Bibliographic citation
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Series: Texto para Discussão ; No. 1342
- Classification
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Wirtschaft
Statistical Simulation Methods: General
National Debt; Debt Management; Sovereign Debt
Forecasts of Budgets, Deficits, and Debt
- Subject
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Schuldenmanagement
Brasilien
- Event
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Geistige Schöpfung
- (who)
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Mendonça, Mário Jorge
Pires, Manoel Carlos de Castro
Medrano, Luiz Alberto
- Event
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Veröffentlichung
- (who)
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Instituto de Pesquisa Econômica Aplicada (IPEA)
- (where)
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Brasília
- (when)
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2008
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Mendonça, Mário Jorge
- Pires, Manoel Carlos de Castro
- Medrano, Luiz Alberto
- Instituto de Pesquisa Econômica Aplicada (IPEA)
Time of origin
- 2008