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Independência do Banco Central e Equilíbrio Fiscal: Algumas observações para o caso brasileiro

Author

Listed:
  • Helder Ferreira de Mendonça

    (Department of Economics, Universidade Federal Fluminense)

Abstract

The objective of this paper is to analyze the main theoretical arguments for the analysis of the conduction of monetary policy on the fiscal side. Besides this, an analysis is made of the possible effects on the fiscal balance from the conduction of the monetary policy in the search for price stability after the Real Plan and due to an increase in the central bank independence (CBI) in the Brazilian case. The findings denote that the strategy for the conduction of the adopted monetary policy and the increase in the degree of CBI did not contribute to an improvement in the fiscal balance.

Suggested Citation

  • Helder Ferreira de Mendonça, 2005. "Independência do Banco Central e Equilíbrio Fiscal: Algumas observações para o caso brasileiro," Working Papers 0014, Universidade Federal do Paraná, Department of Economics.
  • Handle: RePEc:fup:wpaper:0014
    Note: Creation Date corresponds to the year in which the paper was published on the Department of Economics website. The paper may have been written a small number of months before its publication date.
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