Public Debt Path and Long-Memory in Fiscal Data: An Analysis for a Developing Country
- Ricardo Ramalhete Moreira
- Edson Zambon Monte
Abstract
This article contributed to the literature on fiscal rules as we found evidence of expected inflationary effects as a result of lower fiscal cyclicality, even after an appropriate treatment for long-memory in the data, thereby in contrast to the most part of the related published studies, which have adopted conventional unit root tests. We used Brazil as our case of study, which represents a relevant example of developing country nowadays. We then found evidence of a pro-cyclical fiscal rule in Brazil, mainly after 2014, so that it diverged from the public debt sustainability principle developed by Bohn (1995; 2005).
- Full Text:
PDF
- DOI:10.5539/ijef.v15n1p12
Journal Metrics
Index
- Academic Journals Database
- ACNP
- ANVUR (Italian National Agency for the Evaluation of Universities and Research Institutes)
- Berkeley Library
- CNKI Scholar
- COPAC
- Copyright Clearance Center
- Directory of Research Journals Indexing
- DTU Library
- EBSCOhost
- EconBiz
- EconPapers
- Elektronische Zeitschriftenbibliothek (EZB)
- EuroPub Database
- Genamics JournalSeek
- GETIT@YALE (Yale University Library)
- Harvard Library
- Harvard Library E-Journals
- IBZ Online
- IDEAS
- JournalTOCs
- LOCKSS
- MIAR
- NewJour
- Norwegian Centre for Research Data (NSD)
- Open J-Gate
- PKP Open Archives Harvester
- Publons
- RePEc
- ROAD
- Scilit
- SHERPA/RoMEO
- SocioRePEc
- Standard Periodical Directory
- Technische Informationsbibliothek (TIB)
- The Keepers Registry
- UCR Library
- Ulrich's
- Universe Digital Library
- UoS Library
- ZBW-German National Library of Economics
- Zeitschriften Daten Bank (ZDB)
Contact
- Michael ZhangEditorial Assistant
- ijef@ccsenet.org