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- W1513133020 abstract "The main objective of this paper is to analyze the relation between the gradualism in the conduction of monetary policy with the impact of interest rate on public debt. In this sense, it is verified that there is a relation between the equilibrium inflation rate and the sensitiveness of monetary policy to the deviations of the equilibrium interest rate. When the equilibrium interest rate is consistent with the fiscal equilibrium, a direct relation between optimal inflation rate and public debt is achieved. With the objective of illustrating this situation, an analysis of the Brazilian case is made. The result denotes that the Central Bank of Brazil smooths the interest rate by penalizing the departures of the interest rate from that which is consistent with the fiscal equilibrium." @default.
- W1513133020 created "2016-06-24" @default.
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- W1513133020 date "2006-01-01" @default.
- W1513133020 modified "2023-09-28" @default.
- W1513133020 title "Monetary Policy Rules And Fiscal Equilibrium In Brazil" @default.
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