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Is the debt “too high”? An exploratory analysis of the Brazilian case

November 1 @ 1:00 pm - 2:00 pm

Join for a talk with Viviane Luporini, Assistant Professor of Economics at the Federal University of Rio de Janeiro- (UFRJ) Visiting Scholar at the Institute for Latin American Studies, Columbia University. She will talk and make an analysis about the Brazilian debt.

This talk is part of the Brazil Research Seminar Series.

Recently the IMF staff called the attention to the benefits of using probabilistic forecast methods to analyze a country’s debt trajectory in the mid to long terms and, in particular, analyze the chances of compliance to a particular debt target. But even for countries that do not have explicit targets for the debt, keeping it below certain levels is a wise fiscal decision as borrowing costs tend to rise fast when lenders are not confident about the government’s solvency. The slippery slope of borrowing costs usually becomes worse when a government is already facing high borrowing costs and fiscal retrenchment depends on politically difficult fiscal adjustments. This is the case of Brazil. The presentation will discuss the fiscal position of the Brazilian government, its fiscal risks and resulting debt trajectories.

The talk will be held on November 1st, 2018 from 1:00-2:00 PM in room 802 at the International Affairs Building (420 West 118th Street).

Food will be served.

Details

Date:
November 1
Time:
1:00 pm - 2:00 pm

Venue

802 International Affairs Building
420W 118th Street
New York, NY 10027 United States
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Phone:
212-854-4643
Website:
ilas.columbia.edu