A estrutura a termo da taxa de juros e a distribuição de renda num modelo pós-keynesiano de consistência entre estoques e fluxos com metas de inflação e financiamento não-monetário do déficit público Outros Idiomas

ID:
63438
Resumo:
O objetivo do presente artigo é construir um modelo de crescimento pós-keynesiano tipo SFC para uma economia fechada com atividades governamentais que incorpore o Arranjo Institucional da política fiscal e monetária que existe em muitos países do mundo real. Mais precisamente em nosso modelo de política monetária será conduzida sob o arcabouço do Regime de Metas de Inflação, o financiamento direto do déficit público será proibido por lei e o governo emite títulos indexados à taxa de juros para financiar seu déficit fiscal. Assim, o modelo é usado para analisar os efeitos de uma mudança permanente no nível de gastos do governo sobre a trajetória de taxa de investimento, participação dos lucros na renda, utilização da capacidade, spread entre taxas de juros de longo e curto prazo e inflação. Os resultados da simulação mostram que um aumento permanente do nível de gastos públicos é seguido de uma redução permanente da relação investimento/PIB, um aumento permanente do spread entre a taxa de juros de longo e curto prazo, uma redução permanente no nível de utilização da capacidade e um aumento permanente da participação dos lucros na renda, mas sem efeitos persistentes sobre a dinâmica da inflação.
Citação ABNT:
OREIRO, J. L.; SANTOS, J. F. C. The term strucure of interest rate in a sfc model with inflation targeting and zero money financing of government deficit. Práticas de Administração Pública, v. 4, n. 3, p. 3-42, 2020.
Citação APA:
Oreiro, J. L., & Santos, J. F. C. (2020). The term strucure of interest rate in a sfc model with inflation targeting and zero money financing of government deficit. Práticas de Administração Pública, 4(3), 3-42.
Link Permanente:
http://www.spell.org.br/documentos/ver/63438/a-estrutura-a-termo-da-taxa-de-juros-e-a-distribuicao-de-renda-num-modelo-pos-keynesiano-de-consistencia-entre-estoques-e-fluxos-com-metas-de-inflacao-e-financiamento-nao-monetario-do-deficit-publico/i/pt-br
Tipo de documento:
Artigo
Idioma:
Inglês
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