Public indebtedness, growth, currency and inflation: comment on “nice math”, by Gerson Lima - the reply

Gerson Lima ()

Brazilian Journal of Political Economy, 2009, vol. 29, issue 4, 484-492

Abstract: This paper aims at replying critical commentaries made by LEITE, F. P., AGGIO, G. O. e ANGELI, E. (this Review, 2009) on two Author’s theses. The first one states that, if public deficit is to be financed, then either interest rate applied is negative or government invests as if it where a profit-making business enterprise. Otherwise, public debt will mathematically follow an explosive trend. The second one says that if there is no debt and public deficit is paid with money issuing, then the monetary stock will tend to an equilibrium level. JEL Classification: E5; E6.

Keywords: public debat; monetary policy; money issuing (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... article/view/510/509 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:29:y:2009:i:4:p:484-492:id:510

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().