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This paper reviews the main elements of social security reform in Brazil since 1998 and discusses areas where further …
Persistent link: https://www.econbiz.de/10005045717
This paper tests for horizontal tax competition in the VAT for a sample of Brazilian states in the period 1985-2001. The states have considerable autonomy to set their VAT rates and bases, often using this tax as an industrial policy tool. The empirical findings, based on the estimation of a tax...
Persistent link: https://www.econbiz.de/10005045768
For many years, Brazil lagged behind other middle-income countries in terms of school enrolment rates. But since 1998 …
Persistent link: https://www.econbiz.de/10005045808
Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are … generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining … for only 5 per cent of total retirees. Given the demographic challenges Brazil is likely to face in the next decades …
Persistent link: https://www.econbiz.de/10005045960
This paper reviews recent trends in fiscal performance in Brazil, estimates fiscal reaction functions for the …
Persistent link: https://www.econbiz.de/10005046037
paper uses a friction model to estimate intervention reaction functions and the associated marginal effects for Brazil and … findings are that: i) in both countries interventions occur predominantly to reduce exchange-rate volatility, while in Brazil … contemporaneous monetary policy in Brazil, but not in the Czech Republic, where both policies appear to be interrelated …
Persistent link: https://www.econbiz.de/10005046071
Brazil's fiscal adjustment since the floating of the real in 1999 has been impressive, even in periods of lacklustre …. This Working Paper relates to the 2005 OECD Economic Survey of Brazil (www.oecd.org/eco/survey/brazil).<P>Orientation de la …
Persistent link: https://www.econbiz.de/10005046134
This paper assesses Brazil’s regulatory framework and agencies for several network industries (electricity, oil and gas … Working Paper relates to the 2005 OECD Economic Survey of Brazil (www.oecd.org/eco/surveys/brazil).<P>Améliorer le cadre …
Persistent link: https://www.econbiz.de/10005046170
-integration analysis to estimate simultaneously a monetary reaction function and the determinants of expected inflation for Brazil, Chile … examination, and ii) greater volatility in the monetary stance leads to higher volatility in expected inflation in Brazil …
Persistent link: https://www.econbiz.de/10005046174
In 1999, new monetary policy regimes were adopted in Brazil, Chile, Colombia and Mexico, combining inflation targeting … Brazil, Colombia and Mexico, despite higher inflation volatility in Brazil and Colombia. This paper estimates a conventional … responsiveness by the monetary authority to changes in expected inflation in Brazil and Chile, while in Colombia and Mexico monetary …
Persistent link: https://www.econbiz.de/10005046178