Effects of Fiscal Policy on Macroeconomic Dynamics: Dynamics of Brazilian Public Debt and its Effects in the Recent Period

Name: Washington Valeriano dos Santos Filho
Type: MSc dissertation
Publication date: 05/06/2014

Namesort descending Role
Ricardo Ramalhete Moreira Advisor *

Examining board:

Namesort descending Role
Ana Carolina Giuberti Internal Examiner *
Helder Ferreira de Mendonça External Examiner *
Ricardo Ramalhete Moreira Advisor *

Summary: This work deals with the theme of Fiscal Policy, and more specifically, their effects on macroeconomic dynamics. The paper analyzes the dynamics of public debt and its effects in the recent period. The overall objective was to verify if public debt is enriching effect, if the debt is there real output growth of the economy. This paper discusses the debate about the issue of public debt, presents different views on the effects of fiscal policy on macroeconomic dynamics, verifies what has been the result found by different authors for the brazilian economy and analyze the (post-real) brazilian case. Keywords: Ricardian Equivalence, Fiscal Dominance, Fiscal Theory of the Price Level, Public Debt, Fiscal Policy, Monetary Policy.

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