The effects of the capital account liberalization on the fiscal policy

Manoel Carlos de Castro Pires ()

Brazilian Journal of Political Economy, 2006, vol. 26, issue 2, 258-273

Abstract: In recent years there has been some agreement that capital account liberalization have provided restriction on economic policies. This paper provides some evidence for Brazil. I find evidence that capital account liberalization provided limits to fiscal policy in Brazil and its effects can depend on exchange rate policy. JEL Classification: F41; H60.

Keywords: capital account Liberalization; fiscal policy; exchange rate (search for similar items in EconPapers)
Date: 2006
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