Verfügbarkeit: Fiscal Sustainability and Monetary Versus Fiscal Dominance

Fiscal Sustainability and Monetary Versus Fiscal Dominance: Evidence From Brazil, 1991-2000

Under a monetary dominant (MD) regime, the primary surplus adjusts to limit debt growth, permitting monetary policy to be conducted independently of fiscal financing requirements. In Brazil, some evidence favors an MD regime for 1995-97, but not for the decade of the 1990s as a whole. While fiscal a...

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1. Verfasser:	Tanner, Evan (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2002
Schriftenreihe:	IMF Working Papers Working Paper No. 02/5
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Under a monetary dominant (MD) regime, the primary surplus adjusts to limit debt growth, permitting monetary policy to be conducted independently of fiscal financing requirements. In Brazil, some evidence favors an MD regime for 1995-97, but not for the decade of the 1990s as a whole. While fiscal adjustments of 1999 yielded a primary surplus of about 3 percent of GDP, consistent with solvency, a credible MD regime would require further adjustments of the primary surplus if debt increases, growth falls, or interest rates rise
Beschreibung:	1 Online-Ressource (30 p)
ISBN:	1451842198 9781451842197

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spelling	Tanner, Evan Verfasser aut Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000 Tanner, Evan Washington, D.C International Monetary Fund 2002 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/5 Under a monetary dominant (MD) regime, the primary surplus adjusts to limit debt growth, permitting monetary policy to be conducted independently of fiscal financing requirements. In Brazil, some evidence favors an MD regime for 1995-97, but not for the decade of the 1990s as a whole. While fiscal adjustments of 1999 yielded a primary surplus of about 3 percent of GDP, consistent with solvency, a credible MD regime would require further adjustments of the primary surplus if debt increases, growth falls, or interest rates rise Online-Ausg Ramos, Alberto M. Sonstige oth http://elibrary.imf.org/view/IMF001/02541-9781451842197/02541-9781451842197/02541-9781451842197.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Tanner, Evan Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000
title	Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000
title_auth	Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000
title_exact_search	Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000
title_exact_search_txtP	Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000
title_full	Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000 Tanner, Evan
title_fullStr	Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000 Tanner, Evan
title_full_unstemmed	Fiscal Sustainability and Monetary Versus Fiscal Dominance Evidence From Brazil, 1991-2000 Tanner, Evan
title_short	Fiscal Sustainability and Monetary Versus Fiscal Dominance
title_sort	fiscal sustainability and monetary versus fiscal dominance evidence from brazil 1991 2000
title_sub	Evidence From Brazil, 1991-2000
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