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文章基本信息

  • 标题:Dívida pública, poupança em conta corrente do governo e superávit primário: uma análise de sustentabilidade
  • 其他标题:Public debt, government current account saving and primary surplus: analysis of sustainability
  • 本地全文:下载
  • 作者:Silva, Alexandre Manoel Angelo da ; Pires, Manoel Carlos de Castro
  • 期刊名称:Revista de Economia Política
  • 印刷版ISSN:0101-3157
  • 电子版ISSN:1809-4538
  • 出版年度:2008
  • 卷号:28
  • 期号:4
  • 页码:612-630
  • DOI:10.1590/S0101-31572008000400005
  • 语种:Portuguese
  • 出版社:Centro de Economia Política
  • 摘要:

    On this paper, we propose a change in the primary surplus' target by the government current account saving. That concept excludes public investment from primary surplus. However, of that change has raised a question about if government current account saving represents a sustainable fiscal policy. Thus, this paper analyses if the change in the primary surplus' target by the government current account saving implies a meaning modification on the debt-to-GDP ratio path. The empirical analysis, which is based on Brazilian monthly data for the period 1999-2005, suggests that the change in fiscal target does not mean a lack of sustain-ability.

  • 其他关键词:primary surplus;debt-to-GDP ratio;government current account saving
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