English, Article, Journal or magazine article edition: Further investigation into the sustainability of the brazilian federal domestic debt Viviane Luporini

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Bookmark: http://trove.nla.gov.au/version/114751
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Further investigation into the sustainability of the brazilian federal domestic debt
Author
  • Viviane Luporini
Physical Description
  • preprint
Notes
  • 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.
  • Federal debt; fiscal consolidation; Brazil
  • RePEc:cdp:texdis:td131
Language
  • English
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