%0 Journal Article
%T Uma an¨¢lise da proposta de d¨¦ficit nominal zero
%A Pires
%A Manoel Carlos de Castro
%J Revista de Economia Pol¨ªtica
%D 2007
%I Editora 34
%R 10.1590/S0101-31572007000400009
%X the aim of this paper is to evaluate the relationship between fiscal deficits and interest rate in brazil. an adaptation of taylor£¿s rule is tested and the data confirmed this relationship. furthermore, evidence from a loanable funds model shows that a lower deficit can bring interest rate down. however, policy coordination is a key feature in this process.
%K interest rate
%K monetary policy
%K fiscal policy.
%U http://www.scielo.br/scielo.php?script=sci_abstract&pid=S0101-31572007000400009&lng=en&nrm=iso&tlng=en