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Articles • Brazil. J. Polit. Econ. 7 (2) • Apr-Jun 1987 • https://doi.org/10.1590/0101-31571987-2054   copy

Financial composition of the public deficit

Authorship SCIMAGO INSTITUTIONS RANKINGS

ABSTRACT

Starting from this hypothesis this paper criticizes the conventional theory about the public deficit and presents an alternative model of macroeconomic analysis of the effects of the public deficit emphasizing its internal composition between interests and real expenditures.

KEYWORDS:
Public debt; debt interest

Centro de Economia Política Rua Araripina, 106, CEP 05603-030 São Paulo - SP, Tel. (55 11) 3816-6053 - São Paulo - SP - Brazil
E-mail: cecilia.heise@bjpe.org.br
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