Fiscal costs of monetary policy: indirect effects of an interest rate shock on Brazilian public net debt

ABSTRACT: The paper estimates the fiscal cost of an increase in the Brazilian policy interest rate - the SELIC - by considering not only the direct effect on the yield of public bonds that are indexed to the SELIC, but also indirect effects on: (i) the yield of public bonds that are indexed to the e...

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Bibliografische gegevens

Hoofdauteurs:	LAURA CARVALHO, ANDRÉ DINIZ, ÍTALO PEDROSA, PEDRO ROSSI
Formaat:	Artigo
Taal:	Inglês
Gepubliceerd in:	Centro de Economia Política 2016-09-01
Reeks:	Brazilian Journal of Political Economy
Onderwerpen:	estrutura da dívida pública brasileira política monetária nexo juros-câmbio reservas internacionais sustentabilidade da dívida
Online toegang:	http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572016000300557&lng=en&tlng=en
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