Vol. 7 No. 2 (1987)
Apr-Jun / 1987
Published April 1, 1987
How to Cite
DallAcqua, Fernando Maida, and Luiz Carlos Bresser-Pereira. 1987. “A composição Financeira Do déficit Público”. Brazilian Journal of Political Economy 7 (2). https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1647.
A composição financeira do déficit público
Abstract
An increase of the public deficit will have a bigger or smaller impact on aggregate demand de-pending on its real or financial origin. An increase in the interests paid by the public sector will have a different effect on the macroeconomic level of an increase in the purchases of goods and services. Starting from these hypothesis this paper criticizes the conventional theory about public deficit and presents an alternative model of macroeconomic analysis of the effects of the public deficit emphasizing its internal composition between interests and real expenditures.