Reação fiscal ao aumento da dívida pública: Uma análise para os estados brasileiros

• Autor(a) principal: Tabosa, Francisco José Silva
• Data de Publicação: 2016
• Outros Autores: Ferreira, Roberto Tatiwa, Simonassi, Andrei Gomes, Khan, Ahmad Saeed, Tomaz, Daniel
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Repositório Institucional da Universidade Federal do Ceará (UFC)
• Texto Completo: http://www.repositorio.ufc.br/handle/riufc/26502
• topic: Reação fiscal; Estados brasileiros; solvência

The study proposes an investigation into the ability of the Brazilianstates to keep sustainable the trajectory of its public debt that, in spiteof the Fiscal Restructuration Proposals, as the Law 9.496/97 and the Lawof Fiscal Responsibility, increased between 2006 and 2011. The method-ology adapted the fiscal reaction function of Bohn (2007) to a panel datastructure and includesthe possibilityofthreshold effects, such asinHansen(1999). Thus, the reactions by the states with higher levels of debt wereallowed be different from the others. The results showed that, as a rule,there is no active fiscal policy of the states in terms of generating primarysurplus against the increase of the public debt.