A further deterioration of the Brazilian fiscal reaction in view of COVID-19

Detalhes bibliográficos
Autor(a) principal: CAMPOS,EDUARDO LIMA
Data de Publicação: 2022
Outros Autores: CYSNE,RUBENS PENHA, MADUREIRA,ALEXANDRE L.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572022000300664
Resumo: ABSTRACT The fiscal reaction function measures how the government’s primary surplus reacts to the evolution of public debt. Campos and Cysne (2019b) observed that the reaction function has been almost steadily decreasing since 2012 and it has turned from positive to negative values in 2017 and 2018. In the subsequent period, the improvement of some economic indicators led the fiscal reaction to a recovery. Nevertheless, in 2020, with the advent of COVID-19, health spending and emergency aids caused a sharp fiscal deterioration, leading the fiscal reaction coefficient to assume, again, negative values.
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spelling A further deterioration of the Brazilian fiscal reaction in view of COVID-19Brazilfiscal reactionCOVID-19Debt/GDP ratiofiscal sustainabilityKalman filterABSTRACT The fiscal reaction function measures how the government’s primary surplus reacts to the evolution of public debt. Campos and Cysne (2019b) observed that the reaction function has been almost steadily decreasing since 2012 and it has turned from positive to negative values in 2017 and 2018. In the subsequent period, the improvement of some economic indicators led the fiscal reaction to a recovery. Nevertheless, in 2020, with the advent of COVID-19, health spending and emergency aids caused a sharp fiscal deterioration, leading the fiscal reaction coefficient to assume, again, negative values.Centro de Economia Política2022-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572022000300664Brazilian Journal of Political Economy v.42 n.3 2022reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572022-3286info:eu-repo/semantics/openAccessCAMPOS,EDUARDO LIMACYSNE,RUBENS PENHAMADUREIRA,ALEXANDRE L.eng2022-08-05T00:00:00Zoai:scielo:S0101-31572022000300664Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2022-08-05T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv A further deterioration of the Brazilian fiscal reaction in view of COVID-19
title A further deterioration of the Brazilian fiscal reaction in view of COVID-19
spellingShingle A further deterioration of the Brazilian fiscal reaction in view of COVID-19
CAMPOS,EDUARDO LIMA
Brazil
fiscal reaction
COVID-19
Debt/GDP ratio
fiscal sustainability
Kalman filter
title_short A further deterioration of the Brazilian fiscal reaction in view of COVID-19
title_full A further deterioration of the Brazilian fiscal reaction in view of COVID-19
title_fullStr A further deterioration of the Brazilian fiscal reaction in view of COVID-19
title_full_unstemmed A further deterioration of the Brazilian fiscal reaction in view of COVID-19
title_sort A further deterioration of the Brazilian fiscal reaction in view of COVID-19
author CAMPOS,EDUARDO LIMA
author_facet CAMPOS,EDUARDO LIMA
CYSNE,RUBENS PENHA
MADUREIRA,ALEXANDRE L.
author_role author
author2 CYSNE,RUBENS PENHA
MADUREIRA,ALEXANDRE L.
author2_role author
author
dc.contributor.author.fl_str_mv CAMPOS,EDUARDO LIMA
CYSNE,RUBENS PENHA
MADUREIRA,ALEXANDRE L.
dc.subject.por.fl_str_mv Brazil
fiscal reaction
COVID-19
Debt/GDP ratio
fiscal sustainability
Kalman filter
topic Brazil
fiscal reaction
COVID-19
Debt/GDP ratio
fiscal sustainability
Kalman filter
description ABSTRACT The fiscal reaction function measures how the government’s primary surplus reacts to the evolution of public debt. Campos and Cysne (2019b) observed that the reaction function has been almost steadily decreasing since 2012 and it has turned from positive to negative values in 2017 and 2018. In the subsequent period, the improvement of some economic indicators led the fiscal reaction to a recovery. Nevertheless, in 2020, with the advent of COVID-19, health spending and emergency aids caused a sharp fiscal deterioration, leading the fiscal reaction coefficient to assume, again, negative values.
publishDate 2022
dc.date.none.fl_str_mv 2022-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572022000300664
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572022000300664
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572022-3286
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.42 n.3 2022
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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