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Financial openness and inflation targeting: an analysis for the unpleasant fiscal arithmetic

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Figure

Figure 2  Primary surplus/GDP (%) - 1999-2010-1001020000102030405060708 09 10
Figure 3 shows the evolution of the FOI accumulated and denotes that the periods which span from  2000 to 2003 and after 2006 are marked by a trend of liberalization
Table 1 presents estimations based on OLS and GMM methods for equation (29). It is observed  that  the  statistical  significance  and  the  sign  of  the  coefficients  are  in  agreement  in  both  methods
Table 2 shows the estimations for equations (30) and (31) using OLS and GMM methods. The  results in both methods are in agreement
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