Financial composition of the public deficit

Vol. 7 No. 2 (1987)

Apr-Jun / 1987
Published April 1, 1987
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Dall’Acqua, Fernando Maida, and Luiz Carlos Bresser-Pereira. 1987. “Financial Composition of the Public Deficit”. Brazilian Journal of Political Economy 7 (2):216-27. https://doi.org/10.1590/0101-31571987-2054.
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Financial composition of the public deficit

Fernando Maida Dall'Acqua
Fundação Getúlio Vargas, São Paulo/SP, Brasil.
Luiz Carlos Bresser-Pereira
Fundação Getúlio Vargas, São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 7 No. 2 (1987), Apr-Jun / 1987, Pages 216-227

Abstract

Starting from this hypothesis this paper criticizes the conventional theory about
the 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.

JEL Classification: H62; H68.


Keywords: Public debt debt interest

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