Este artigo objetiva investigar os determinantes do gap de crédito nos municípios brasileiros, sendo compreendido como gap o volume de crédito necessário para igualar a participação da localidade no total de crédito concedido no país à sua participação no PIB nacional. Parte-se de um...

A consensus has not yet emerged about the relationship between the budget deficit, external deficit and national saving. In general, the mechanisms through which a budget deficit could cause a current account deficit are not highlighted in the works about this theme. Basing on the Post Keynesian...

The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during the boom. We set up an RBC model of a small open economy, following Mendoza...