Sustentabilidade da Dívida Pública no Brasil

Fernando de Aquino Fonseca Neto and Joanílio Rodolpho Teixeira
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Fernando de Aquino Fonseca Neto: Banco Central do Brasil
Joanílio Rodolpho Teixeira: UnB

Economia, 2006, vol. 7, issue 1, pages 101-132

Abstract: The objective of this paper is to analyse the sustainability conditions of the Brazilian public debt since the Real Plan in July 1994. A new concept of liquidity public debt is introduced which is discussed in terms of GDP shares. Its absolute growth is divided among components and its volatility and increase in time, is evaluated. An index of sustainability of public debt involving balance ratios and maturities is suggested to provide a better analysis than those presently available..

Keywords: Dívida Pública; Liquidez; Sustentabilidade (search for similar items in EconPapers)
JEL-codes: H63 (search for similar items in EconPapers)
Date: 2006

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