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|z 9781451842197
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|a 1018-5941
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|a BD-DhAAL
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|a Tanner, Evan.
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|a Fiscal Sustainability and Monetary Versus Fiscal Dominance :
|b Evidence From Brazil, 1991-2000 /
|c Evan Tanner, Alberto Ramos.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2002.
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Under a monetary dominant (MD) regime, the primary surplus adjusts to limit debt growth, permitting monetary policy to be conducted independently of fiscal financing requirements. In Brazil, some evidence favors an MD regime for 1995-97, but not for the decade of the 1990s as a whole. While fiscal adjustments of 1999 yielded a primary surplus of about 3 percent of GDP, consistent with solvency, a credible MD regime would require further adjustments of the primary surplus if debt increases, growth falls, or interest rates rise.
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|a Mode of access: Internet
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|a Ramos, Alberto.
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|a IMF Working Papers; Working Paper ;
|v No. 2002/005
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2002/005/001.2002.issue-005-en.xml
|z IMF e-Library
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