Listagem Documentos Indexados pela Scielo por Título "Fiscal costs of monetary policy: indirect effects of an interest rate shock on Brazilian public net debt"

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Fiscal costs of monetary policy: indirect effects of an interest rate shock on Brazilian public net debt

Carvalho, Laura; Diniz, André; Pedrosa, Ítalo; Rossi, Pedro
2016-09-01

The paper estimates the fiscal cost of an increase in the Brazilian policy interest rate - the SELIC - by considering not only the direct effect on the yield of public bonds that are indexed to the SELIC, but also indirect ...