Economia
O governo brasileiro tomou a decisão correta em 2003 ?
O Blanchard fez as contas e concluiu que :
This paper argues that this is the situation the Brazilian economy found itself in in 2002 and 2003. It presents a model of the interaction between the interest rate, the exchange rate, and the probability of default, in a high-debt high-risk-aversion economy such as Brazil during that period. (...)
(...) Despite its commitment to inflation targeting, and an increase in inflation from mid-2002 on, the Brazilian Central Bank did not increase the real interest rate until the beginning of 2003. Should it have? The answer given in the paper is that it should not have. In such an environment, the increase in real interest rates would probably have been perverse, leading to an increase in the probability of default, to further depreciation, and to an increase in inflation. The right instrument to decrease inflation was (...)
- Ler Os Outros: Inflation And Debt (wonkish) - Paul Krugman
Não perder este post sobre em que Krugman comenta uma caixa do capítulo I do Economic Outrlook da OCDE sobre o efeito da inflação sobre a dívida pública (os negritos são meus): "the report has a box dismissing the possibility that a higher inflation...
- Mutatis Mutandis Redux Redux
Há uma semana postei o comunicado do Reserve Bank of Australia. Vejam agora o comunicado do RBNZ acerca de sua decisão de manter a taxa de juros inalterada. Monetary Policy Statement September 2011 - Policy Assessment The Reserve Bank today left...
- Dívida Pública - Mapa Interativo
Our interactive graphic above shows the IMF's latest forecasts (updated in October 2012) for government gross debt as a percentage of GDP through to 2017. It also allows you to input your own long-term assumptions to project the likely path of debt...
- A Dinâmica Da Dívida Pública
There are two things that matter in government-debt dynamics: the difference between real interest rates and GDP growth (r-g), and the primary budget balance as a % of GDP (ie, before interest payments). In any given period the debt stock grows by the...
- A Dinâmica Da Dívida Pública
Debt dynamics- The maths behind the madness-The Economist online GOVERNMENT debt dynamics, once an esoteric subject of interest only to macroeconomists, are suddenly in vogue... Veja aqui a mapa interativa da dívida pública There are two things that...
Economia
O governo brasileiro tomou a decisão correta em 2003 ?
O Blanchard fez as contas e concluiu que :
This paper argues that this is the situation the Brazilian economy found itself in in 2002 and 2003. It presents a model of the interaction between the interest rate, the exchange rate, and the probability of default, in a high-debt high-risk-aversion economy such as Brazil during that period. (...)
(...) Despite its commitment to inflation targeting, and an increase in inflation from mid-2002 on, the Brazilian Central Bank did not increase the real interest rate until the beginning of 2003. Should it have? The answer given in the paper is that it should not have. In such an environment, the increase in real interest rates would probably have been perverse, leading to an increase in the probability of default, to further depreciation, and to an increase in inflation. The right instrument to decrease inflation was (...)
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- Ler Os Outros: Inflation And Debt (wonkish) - Paul Krugman
Não perder este post sobre em que Krugman comenta uma caixa do capítulo I do Economic Outrlook da OCDE sobre o efeito da inflação sobre a dívida pública (os negritos são meus): "the report has a box dismissing the possibility that a higher inflation...
- Mutatis Mutandis Redux Redux
Há uma semana postei o comunicado do Reserve Bank of Australia. Vejam agora o comunicado do RBNZ acerca de sua decisão de manter a taxa de juros inalterada. Monetary Policy Statement September 2011 - Policy Assessment The Reserve Bank today left...
- Dívida Pública - Mapa Interativo
Our interactive graphic above shows the IMF's latest forecasts (updated in October 2012) for government gross debt as a percentage of GDP through to 2017. It also allows you to input your own long-term assumptions to project the likely path of debt...
- A Dinâmica Da Dívida Pública
There are two things that matter in government-debt dynamics: the difference between real interest rates and GDP growth (r-g), and the primary budget balance as a % of GDP (ie, before interest payments). In any given period the debt stock grows by the...
- A Dinâmica Da Dívida Pública
Debt dynamics- The maths behind the madness-The Economist online GOVERNMENT debt dynamics, once an esoteric subject of interest only to macroeconomists, are suddenly in vogue... Veja aqui a mapa interativa da dívida pública There are two things that...