A Brazilian Debt-Crisis Model
Опубликовано на портале: 21-01-2004
Authors develop a model that captures important features of debt crises of the Brazilian type. Its applicability to Brazil lies in the fact that (1) in Brazil the macro fundamentals were sound (e.g., a primary surplus, a relatively low debt/GDP ratio, etc.); and (2) in the Brazilian case the trigger appears to be the forthcoming elections, with an expected regime change.
Journal of Agricultural and Applied Economics. 2001. Vol. 33. No. 3.
Post Keynesian Macroeconomic Theory: A Foundation for Successful Economic Policies for the Twenty-First Century