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Articles • Brazil. J. Polit. Econ. 5 (4) • Oct-Dec 1985 • https://doi.org/10.1590/0101-31571985-4067   copy

Public debt: a simple model

Authorship SCIMAGO INSTITUTIONS RANKINGS

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.

KEYWORDS:
Public deficit; stabilization

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