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The indexation of public debt in israel
Kleiman, Ephraim - 1985
Persistent link: https://www.econbiz.de/10003529365
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Latent indexation and exchange rate passthrough
Fiorencio, Antonio; Moreira, Ajax - 2015
degree of indexation of the Brazilian price system was sharply reduced after the Real Plan. …
Persistent link: https://www.econbiz.de/10011998336
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Fiscal fatigue and public debt limit in Brazil : are we on sustainable path?
Pereira, Rodrigo Mendes - 2020
In this paper I use Ghosh et al. (2013) approach to assess Brazil's fiscal sustainability, fiscal fatigue, and public … debt limit. Using monthly data for the last 21 years, I estimate Brazil's fiscal reaction function and an eventual fiscal … higher levels of debt. I show that fiscal fatigue occurs at relatively mild levels of debt in Brazil. I also define Brazil …
Persistent link: https://www.econbiz.de/10012266960
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Fiscal space and public sector investments in infrastructure : a Brazilian case-study
Afonso, José Roberto; Araujo, Erika Amorim; Biasoto … - 2015
, especially in infrastructure. Brazil has one of the highest tax burdens in the world and, at the same time, the public sector has …
Persistent link: https://www.econbiz.de/10012038450
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Impact of macro shocks on sovereign default probabilities
Matsumura, Marco Shinobu - 2015
We use macro finance models to study the interaction between macro variables and the Brazilian sovereign yield curve using daily data. We calculate the model implied default probabilities and a measure of the impact of macro shocks on the probabilities. An extension of the Dai-Singleton...
Persistent link: https://www.econbiz.de/10012039415
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Inflation, indexation, and capital income : what's left of the white paper
Courchene, Thomas J. - 1982
Persistent link: https://www.econbiz.de/10000417001
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US real interest rates and default risk in emerging economies
Foley-Fisher, Nathan; Guimarães, Bernardo - 2009
We empirically analyse the appropriateness of indexing emerging market sovereign debt to US real interest rates. We find that policy-induced exogenous increases in US rates raise default risk in emerging market economies, as hypothesised in the theoretical literature. However, we also find...
Persistent link: https://www.econbiz.de/10003894416
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Inflation and bond yields
Simmons, Peter J.; Weiserbs, Daniel - 1993
Persistent link: https://www.econbiz.de/10000850979
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Does expenditure composition influence the debt level? : evidence from German federal states
Stegarescu, Dan - 2013
Despite strongly equalized per capita revenue and similar budgetary institutions, fiscal performance is increasingly diverging across German federal states. Given that state and local governments are endowed with expenditure autonomy, this paper investigates whether the composition of...
Persistent link: https://www.econbiz.de/10010225574
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Race to the debt trap? : spatial econometric evidence on debt in German municipalities
Fossen, Frank M.; Freier, Ronny; Martin, Thorsten - 2014
Through an intertemporal budget constraint, jurisdictions may gain advantages in tax and spending competition by 'competing' on debt. While the existing spatial econometric literature focuses on tax and spending competition, very little is known about spatial interaction via public debt. This...
Persistent link: https://www.econbiz.de/10010233999