"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...

Experience from previous global and food crises provides some guidance for appropriate trade responses during the crisis and those that are likely to undermine effective national and global responses. However, the speed, scale and nature of this crisis are unprecedented which requires thinking...

Introduction -- The dark before the dawn -- An oil and gas renaissance -- Economic impact -- The demand side of the ledger -- Regional and sectoral effects -- Environmental costs and benefits -- Trade policy considerations -- Conclusions