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
Portugiesisch

Bibliographic citation
Series: Texto para Discussão ; No. 1342

Classification
Wirtschaft
Statistical Simulation Methods: General
National Debt; Debt Management; Sovereign Debt
Forecasts of Budgets, Deficits, and Debt
Subject
Schuldenmanagement
Brasilien

Event
Geistige Schöpfung
(who)
Mendonça, Mário Jorge
Pires, Manoel Carlos de Castro
Medrano, Luiz Alberto
Event
Veröffentlichung
(who)
Instituto de Pesquisa Econômica Aplicada (IPEA)
(where)
Brasília
(when)
2008

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

This object is provided by:
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

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