English, Article, Journal or magazine article edition: COMPOSIÇÃO ÓTIMA PARA A DÍVIDA PÚBLICA: UMA ANÁLISE MACRO-ESTRUTURAL Mariana Lopes; Erica Domingos

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/125137
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • COMPOSIÇÃO ÓTIMA PARA A DÍVIDA PÚBLICA: UMA ANÁLISE MACRO-ESTRUTURAL
Author
  • Mariana Lopes
  • Erica Domingos
Physical Description
  • preprint
Notes
  • The development of the process for liberalization and integration of the domestic markets on relation to the international markets along the last decades and the increasing volatility of capital flows resulted in the necessity of a higher coordination between fiscal and monetary policies. After the adoption of inflation targeting model by the Brazilian government, on June 1999, several works were made aiming to estimate the best macroeconomic models to be followed by monetary authority. Those models were developed in order to discipline and foment the discussions about monetary policies by Central Bank. The scope of this paper is to develop a "small macro-structural model" for the Brazilian economy, whose objective is to determine the optimal composition for public debt according to the Efficient Frontier analysis (Markovitz Model). Thus, this paper aims at finding out the most adequate composition for public debt, considering that Central Bank follows a given rule for monetary policy. Therefore, the objective of this paper is to determine the optimal "structure" of debt related to each indicator composition, considering the reaction function of the Central Bank. However, this paper does not try to estimate the optimal monetary rule followed by the Central Bank.
  • RePEc:anp:en2004:036
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment