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Applied Economics Letters Volume 23, 2016 - Issue 11
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Original Articles

The effect of monetary and fiscal credibility on public debt: empirical evidence from the Brazilian economy

Helder Ferreira de MendonçaDepartment of Economics and National Council for Scientific and Technological Development (CNPq), Fluminense Federal University, Rio de Janeiro, BrazilCorrespondence[email protected]
&
Gabriela Elise AuelDepartment of Economics and National Council for Scientific and Technological Development (CNPq), Fluminense Federal University, Rio de Janeiro, Brazil
Pages 816-821 | Published online: 04 Dec 2015

References

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  • Calvo, G.1997. “Capital flows: Emerging issues.” Panel: 3 Are We in a Global Economic Crisis. http://www.econ.yale.edu/alumni/reunion99/calvo3.htm.
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  • de Mendonça, H. F., and G. J.de Guimarães e Souza. 2009. “Inflation Targeting Credibility and Reputation: The Consequences for the Interest Rate.” Economic Modelling26 (6): 1228–1238. doi:10.1016/j.econmod.2009.05.010.
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  • Freedman, C., and I.Ötker-Robe. 2010. Important Elements for Inflation Targeting for Emerging Economies. IMF Working Paper nos. 10/113. Washington, DC: International Monetary Fund.
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  • IMF (International Monetary Fund). 2011. Fiscal Monitor Update: Strengthening Fiscal Credibility. Washington, DC: IMF. http://www.imf.org/external/pubs/ft/fm/2011/01/update/fmindex.pdf.
  • Kanoun, S.2014. “The Sustainability of Fiscal Adjustment Process: A Quantitative Approach with an Application to Tunisia.” Asian Economic and Financial Review4 (10): 1314–1331.
  • Mishkin, F.2000. “Inflation Targeting for Emerging-Market Countries.” American Economic Review90 (2): 105–109. doi:10.1257/aer.90.2.105.
  • Montes, G. C.2013. “Credibility and Monetary Transmission Channels under Inflation Targeting: An Econometric Analysis from a Developing Country.” Economic Modelling30 (C): 670–684. doi:10.1016/j.econmod.2012.09.035.
  • Rutkauskas, A. V., V.Stasytytė, and N.Maknickienė. 2014. “Government Debt as the Integral Portfolio of Assets and Liabilities Generated by Debt.” Journal of Business Economics and Management15 (1): 22–40. doi:10.3846/16111699.2013.815129.
  • Woodford, M.2001. “Fiscal Requirements for Price Stability.” Journal of Money, Credit and Banking 33 (3): 669–728.

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