EconPapers    
Economics at your fingertips  
 

Further investigation into the sustainability of the brazilian federal domestic debt

Viviane Luporini ()

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: This paper investigates the sustainability of the Brazilian federal domestic debt using quarterly data from 1981 to 1998. A debt is considered sustainable if the government's budget is intertemporally balanced. Sustainability is tested through the mean-zero stationarity of the discounted debt/GDP ratio with standard unit root tests and the null hypothesis of stationarity. The results indicate that the federal domestic debt have assumed an unsustainable path during the period studied and that the government may indeed have an incentive to reestructure its debt.

Keywords: Federal debt; fiscal consolidation; Brazil (search for similar items in EconPapers)
JEL-codes: B11 B31 B40 (search for similar items in EconPapers)
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Published (in Portuguese) in Análise Econômica, 2001, vol. 36.

Downloads: (external link)
http://www.cedeplar.ufmg.br/pesquisas/td/TD%20131.pdf (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:cdp:texdis:td131

Ordering information: This working paper can be ordered from
Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil

Access Statistics for this paper

More papers in Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais Cedeplar-FACE-UFMG Av. Antonio Carlos, 6627 Belo Horizonte, MG 31270-901 Brazil. Contact information at EDIRC.
Series data maintained by Gustavo Britto ().

 
Page updated 2017-11-10
Handle: RePEc:cdp:texdis:td131