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Sustainability of the Brazilian public pebt an analysis using multicointegration
(Escola de Pós-Graduação em Economia da FGV, 2019-07)
According to Bohn (1995, 2008), the conventional sustainability tests, based on analyzing cointegration between government revenues and expenditures, are inconclusive for determining the sustainability of fiscal policy. ...
Public debt sustainability in the Caribbean
(ECLAC, Subregional Headquarters for the Caribbean, 2008-09-04)
This paper analyses public debt in the most indebted Caribbean countries – i.e. Barbados,
Belize, Guyana, Jamaica, Antigua and Barbuda, Dominica, Grenada, and St. Kitts and Nevis –
from the standpoint of its sustainability. ...
Public debt sustainability and endogenous seigniorage in Brazil: time-series evidence from 1947-1992
(Elsevier Science Bv, 2000-06)
In this paper, we investigate three central issues in public finance. First, was the path of public debt sustainable during 1947-1992? Second, how has the government balanced the budget after shocks to either revenues or ...
Unfinished business in the international dialogue on debt
(2003-12)
From November 2001 to April 2003, the International
Monetary Fund grappled with a radical proposal, the
Sovereign Debt Restructuring Mechanism, for handling the
external debt of insolvent governments of developing ...
An alert on the recent fall of the fiscal reaction in Brazil
(engEscola de Pós-Graduação em Economia da FGV, 2018-08)
Recent evaluations of how the Brazilian government’s primary surplus reacts to the evolution of the debt to GDP ratio convey two important (and worrisome) messages: first, the reaction function has been almost steadily ...
Debt Maturity: Is Long-Term Debt Optimal?
(WILEY-BLACKWELL, 2009)
We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity premium, sustainability, and service smoothing. We use a dynamic-equilibrium model with tax ...
Nominal versus indexed debt: A quantitative horse race
(ELSEVIER SCI LTD, 2010)
The main arguments in favor and against nominal and indexed debts are the incentive to default through inflation versus hedging against unforeseen shocks. We model and calibrate these arguments to assess their quantitative ...
The Impact of Economic and Social Context Over Human Well-Being in Latin America
(Biblioteca Digital wdg.biblioUniversidad de Guadalajara, 2020-09-17)
Corporate governance in Latin America and the Caribbean: Using ESG debt instruments to finance sustainable investment projects
(ECLAC, 2022-03-04)
The aim of this report is to study, from the governance perspective, the growing use of environmental, social and governance (ESG) bonds, and in particular sustainability-linked bonds (SLBs), by Latin American and Caribbean ...