É o Mercado Míope em Relação à Política Fiscal Brasileira?

Alexandre Silva () and José Cândido

No 1266, Discussion Papers from Instituto de Pesquisa Econômica Aplicada - IPEA

Abstract: On this paper, we evaluate the relationship among expectations of fiscal policy and fiscal policy consistency, which is denoted by some public account variables. Our main proposal is to investigate if the expectations are affected by fiscal policy consistency. The empirical analysis, based on Brazilian monthly data for the period of 2003-2006, suggests that the expectations have not been affected by fiscal policy consistency.

Pages: 35 pages
Date: 2007-04
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ipe:ipetds:1266

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