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

被引：9
|
作者：
de Mendonca, Helder Ferreira [1 ]
Auel, Gabriela Elise
机构：
[1] Univ Fed Fluminense, Dept Econ, Rio De Janeiro, Brazil
来源：
APPLIED ECONOMICS LETTERS | 2016年 / 23卷 / 11期
关键词：
Public debt; fiscal credibility; monetary credibility; inflation targeting; E62; E63; EMERGING ECONOMY; INFLATION;
D O I：
10.1080/13504851.2015.1111980
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study relates to the literature regarding credibility effect on public debt for developing economies under inflation targeting. The novelty is the investigation of effects of both monetary and fiscal credibility on public debt and its management. The main idea is that high credibility might improve public debt management. With this purpose, this paper addresses empirical evidence based on the Brazilian experience. The findings denote that credibility is an important instrument to improve the public debt management under inflation targeting.
引用
收藏
页码：816 / 821
页数：6
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