Public debt: a simple model

Vol. 5 No. 4 (1985)

Oct-Dec / 1985
Published October 1, 1985
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Arida, Pérsio. 1985. “Public Debt: A Simple Model”. Brazilian Journal of Political Economy 5 (4):541-50. https://doi.org/10.1590/0101-31571985-4067.
ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver

Download Citation

Endnote/Zotero/Mendeley (RIS) BibTeX

Public debt: a simple model

Pérsio Arida
Departamento de Economia da Pontiflcia Universidade Católica do Rio de Janeiro, PUC/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 5 No. 4 (1985), Oct-Dec / 1985, Pages 541-550

Abstract

A simple model is developed to deal with the financial dimension of the public
and its relation to external adjustment. The effects of an exchange devaluation, of an easing
of the external restriction, and the role of fiscal policy under a wealth-effect intense enough
are discussed. Finally, a comment on the determinants of the rate of interest and its intertemporal
aspects.

JEL Classification: H62; H63.


Keywords: Public deficit stabilization