Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/91061 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Texto para Discussão No. 1409
Verlag: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Zusammenfassung (übersetzt): 
This article estimates the stance of fiscal policy using the framework of conditional forecasting to evaluate the stance in Brazil since 1997. This indicator is measured as the deviation of forecast of the output gap conditional to the observed values and steady-state values of the instruments of fiscal policy-the current government spending and the net tax. Our results indicate that fiscal stance has been neutral since 2004 but expansionary after 2007. There is no statistical evidence that fiscal policy is putting pressure on the inflation but there does exist statistical evidence that it has negatively affected the output gap.
JEL: 
E62
E63
Dokumentart: 
Working Paper

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