Impacto do défice orçamental na inflação em Moçambique no período (2010-2019)

Abstract

The aim of this paper is to analyse the impact of the budget deficit on inflation in the Mozambican Mozambican economy between 2010 and 2019. The research presented in this paper is justified by the fact that it adds to the existing literature, as well as supporting the evidence of empirical studies that discuss the relations of dominance between fiscal and monetary policies in between fiscal and monetary policies in Mozambique, given that the national economy has been budget deficits in recent years, accompanied by deviations in the execution of monetary programmes, leading to the monetary programmes, leading to the undermining of macroeconomic targets. This study is relevant insofar as the results found provide the monetary and fiscal authorities with and fiscal authorities with the aim of making it possible to conduct economic policy more effectively and thereby ensure policy and, as a result, ensure a better macroeconomic performance for the country. To carry out this research, we used econometric methodology, based on the Auto-Regressive Vectors model. Auto-Regressive Vectors model and the Granger Causality test were used to carry out this research. the Mozambican economy, it was observed that the budget deficit has a significant effect on inflation, implying that significant effect on inflation, implying that fiscal policy guidelines have affected monetary policy actions, i.e. monetary policy, i.e. fiscal policy dominates monetary policy. In view of these results, it is recommended that the coordination between fiscal and monetary policies in Mozambique, as well as, improving fiscal dynamics with a view to reducing budget deficits(TRADUÇAO NOSSA)