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The effects of the capital account liberalization on the fiscal policy

Author

Listed:
  • Manoel Carlos de Castro Pires

Abstract

In recent years there has been some agreement that capital account liberalization have provided restriction on economic policies. This paper provides some evidence for Brazil. I find evidence that capital account liberalization provided limits to fiscal policy in Brazil and its effects can depend on exchange rate policy. JEL Classification: F41; H60.

Suggested Citation

  • Manoel Carlos de Castro Pires, 2006. "The effects of the capital account liberalization on the fiscal policy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 26(2), pages 258-273.
    • Handle: RePEc:ekm:repojs:v:26:y:2006:i:2:p:258-273:id:600
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/600/598
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    More about this item

    Keywords

    capital account Liberalization; fiscal policy; exchange rate;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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