A consensus has not yet emerged about the relationship between the budget deficit, external deficit and national saving. In general, the mechanisms through which a budget deficit could cause a current account deficit are not highlighted in the works about this theme. Basing on the Post Keynesian...

This article uses a crisis index based on an average of the variations in currency and financial crises indicators, referred to as "twin crises", adjusting them to the same volatility. Thus, the objective is to measure the degree of vulnerability to twin crises within a group of 19 countries in...

Pretende-se estudar a mobilidade internacional do capital e a problemática associada da sustentabilidade externa, do ponto de vista da tese de Feldstein-Horioka (F-H), e aplicar esta tese à economia portuguesa. Partindo do princípio das vantagens da mobilidade internacional do capital,...

The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during the boom. We set up an RBC model of a small open economy, following Mendoza...

A consensus has not yet emerged about the relationship between budget deficit, external deficit and national saving. According to mainstream economic literature, the budget deficit can cause an insufficiency of national saving for a given investment rate. In such cases, the investment rate will...

Este artigo tem como objetivo investigar e estimar o grau de integração financeira do Brasil com os mercados de capitais internacionais no período de 1990 a 2004. O conceito de integração financeira fraca é adotado por meio da relação da paridade coberta de juros (PCJ). Essa condição...

Este estudo analisou as evidências dos efeitos crowding-in e crowding-out na economia brasileira para o período de 1995-2006, utilizando a metodologia de Modelo de Correção de Erro Vetorial (VECM). As variáveis taxa de juros, carga tributária e preço médio dos bens de capital têm efeito...

This paper presents an estimate of fixed tangible wealth for the Brazilian economy in the period 1950-1998. Net capital stock and consumption of fixed capital are derived by the perpetual inventory method (PIM) employing a geometric depreciation function. Despite the criticism to the PIM...

Encountering neighbors: an analysis of capital goods production in Brazil using recurrence plot diagrams - The objective of the paper is to identify possible non-linearities in Brazilian capital goods production in the period January/1975-January/2002. Using the techniques of recurrence plots...

This paper aims to analyze the relation among exchange rate, distribution and economic growth from a short-term Keynesian-structuralist perspective. The domestic absorption is the cornerstone of the analysis, inasmuch as an exchange rate devaluation leads to an expansionist result in the...