RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY

Authors

  • Liderau dos Santos Marques Junior FUNDAÇÃO DE ECONOMIA E ESTATÍSTICA

    DOI:

    https://doi.org/10.22456/2176-5456.41890

    Keywords:

    Fiscal policy, Ricardian equivalence, Vector autoregressive

    Abstract

    The paper investigates the effects of fiscal policy in Brazilian economy during the 1995-2009 period. For that, presents the ricardian equivalence hypothesis and discuss theoretical objections. From the vector autoregressive (VAR) approach, the paper analyzes the reaction of the variables national saving/GDP and private consumption/GDP to impulses in the variables of fiscal policy tax burden and government consumption/GDP. The results indicate that the effects of shocks in the tax burden are not ricardians in the Brazilian case.

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    Published

    2015-09-01

    How to Cite

    Marques Junior, L. dos S. (2015). RICARDIAN EQUIVALENCE AND THE EFFECTS OF FISCAL POLICY IN THE BRAZILIAN ECONOMY. Análise Econômica, 33(64). https://doi.org/10.22456/2176-5456.41890

    Issue

    Vol. 33 No. 64 (2015): setembro de 2015

    Section

    Artigos

    License

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