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Endividamento público, crescimento, moeda e inflação: comentário a "matemática agradável", de Gerson Lima - a réplica.

Authors :
Lima, Gerson
Source :
Brazilian Journal of Political Economy / Revista de Economia Política. out-dez2009, Vol. 29 Issue 4, p484-492. 9p.
Publication Year :
2009

Abstract

This paper aims at replying critical commentaries made by Leite, F. P., Aggio, G. O. e Angeli, E. (this Review, 2009) on two Author's theses. The first one states that, if public deficit is to be financed, then either interest rate applied is negative or government invests as if it where a profit-making business enterprise. Otherwise, public debt will mathematically follow an explosive trend. The second one says that if there is no debt and public deficit is paid with money issuing, then the monetary stock will tend to an equilibrium level. [ABSTRACT FROM AUTHOR]

Details

Language :
Portuguese
ISSN :
01013157
Volume :
29
Issue :
4
Database :
Academic Search Index
Journal :
Brazilian Journal of Political Economy / Revista de Economia Política
Publication Type :
Academic Journal
Accession number :
45196338
Full Text :
https://doi.org/10.1590/S0101-31572009000400011