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This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...
Persistent link: https://www.econbiz.de/10009230816
This paper aims to outline the basis for a development strategy for Brazil. Therefore, it starts from some basic premises. First, there will be no development without social mobilization. Second, development is a planning result, in which the Government plays a key role. Besides, a development...
Persistent link: https://www.econbiz.de/10003748568
Persistent link: https://www.econbiz.de/10003645078
The effects of the capital account liberalization on the fiscal policy: an evaluation of the recent Brazilian case. In recent years there has been some agreement that capital account liberalization have provided restriction on economic policies. This paper provides some evidence for Brazil. It...
Persistent link: https://www.econbiz.de/10003323608
Persistent link: https://www.econbiz.de/10003317535
This article investigates the effects of fiscal policy shock in the Brazilian economy using quarterly data during the period between January/1995 and December/2007. We follow the agnostic procedure suggested by Mountford and Uhlig (2005) to verify separately the impact of the unexpected positive...
Persistent link: https://www.econbiz.de/10003823368
This article estimates the stance of fiscal policy using the framework of conditional forecasting to evaluate the stance in Brazil since 1997. This indicator is measured as the deviation of forecast of the output gap conditional to the observed values and steady-state values of the instruments...
Persistent link: https://www.econbiz.de/10003850685
Persistent link: https://www.econbiz.de/10003451454
This work analyses the evolution of the tributary structure and the constitution and organisation of the Brazilian revenue system in the long period from 1889 to 2009. It aims to identify, on one hand, the functions attributed to fiscal policy and to taxation, as well as how these State`s...
Persistent link: https://www.econbiz.de/10003929864
Persistent link: https://www.econbiz.de/10008907442