Public Debt Management in Brazil



Table 4 - Covariances - Structural Model - Demand Shock

Cov(yi)/Var(i)

12.9

Cov(iπ)/Var(i)

0.76

Cov(ye)/V ar(e)

-10.7

Cov()/Var(e)

-0.63

Cov()/V αr(π)

113

Cov()/Var(π^)

-0.70

Var (г)

0.038

Cov(ie)/Var(i)

-0.80

Var(e)

0.054

Cov(ie)/Var(e)

-0.56

Var(π)

0.049  ~

Cov()/V ar(π)

0.58   ~

Notes: Variances are multiplied by 1002 .

Table 5 - Debt Composition for Demand Shock

Risk

No hedge

Risk

Risk
Fix=For=0

Risk+Cost

Risk+Cost

Fix=For=0

Selic Rate

18.1

7.5

-3.3

8.3

-3.2

Foreign Exch

-15.3

-6.2

0

-5.1

0

Price Index

16.6

7.9

4.3

8.3

4.2

Fixed Rate

-18.6

-8.1

0     ~

-10.5    '

0     ~

Notes: The debt composition is derived from equations (19)-(21).

24



More intriguing information

1. The Social Context as a Determinant of Teacher Motivational Strategies in Physical Education
2. Anti Microbial Resistance Profile of E. coli isolates From Tropical Free Range Chickens
3. Uncertain Productivity Growth and the Choice between FDI and Export
4. Geography, Health, and Demo-Economic Development
5. Fiscal Rules, Fiscal Institutions, and Fiscal Performance
6. The name is absent
7. A Rational Analysis of Alternating Search and Reflection Strategies in Problem Solving
8. The name is absent
9. THE AUTONOMOUS SYSTEMS LABORATORY
10. Types of Cost in Inductive Concept Learning