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Fiscal Sustainability and Monetary Versus Fiscal Dominance

Fiscal Sustainability and Monetary Versus Fiscal Dominance »

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

Volume/Issue: 2002/5

Series: IMF Working Papers

Author(s): Evan Tanner , and Alberto Ramos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2002

ISBN: 9781451842197

Keywords: Intertemporal solvency, monetary and fiscal dominance, fiscal theory of the price level, primary deficit, price level, inflation, real interest rates, real interest rate, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy

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...

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

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

Volume/Issue: 2002/5

Series: IMF Working Papers

Author(s): Evan Tanner , and Alberto Ramos

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2002

DOI: http://dx.doi.org/10.5089/9781451842197.001

ISBN: 9781451842197

Keywords: Intertemporal solvency, monetary and fiscal dominance, fiscal theory of the price level, primary deficit, price level, inflation, real interest rates, real interest rate, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy

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...