An analysis of the interaction between monetary and fiscal policies in Brazil por Lívia Carolina Machado Melo and Cleomar Gomes da Silva published by PSL Quarterly Review (3/2019). “…Therefore, monetary policy seems to be countercyclical. As for the fiscal policy rule, the dynamics of economic activity leads to a decrease in the public sector borrowing requirement (PSBR) as a share of GDP, which is an indication of a countercyclical fiscal policy and coodination of economic policies…”
Verificar PDF Anexado