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This paper considers whether institutional factors, in this instance electoral systems and procedures, affect Latin American countries' fiscal performance as measured by the size of the public sector, fiscal deficits, the size of the public debt, and the degree of procyclality of fiscal policy....
Persistent link: https://www.econbiz.de/10010944009
Fiscal policy has been at the center of Brazil's economic dynamics and performance for more than 30 years. In this line, the approval and implementation of a Fiscal Responsibility Law in 2000 was a key step in supporting fiscal sustainability and the transparency of fiscal accounts. Despite...
Persistent link: https://www.econbiz.de/10010685421
, pensions, the results of a national teachers' tracking survey, water and sanitation, electricity, telecommunications and oil. …
Persistent link: https://www.econbiz.de/10010772522
We estimate the fiscal space of Brazilian States defined as the difference between a State's actual debt and the theoretical debt limit implied by the historical behavior of its policymakers. We estimate fiscal reaction functions and debt limits using publicly available data between 2000 and...
Persistent link: https://www.econbiz.de/10010696057
This technical note discusses the civil servant pension system in Brazil over the past two decades. Since 1998 the … Brazilian government has been implementing reforms to increase the financial sustainability of its pension schemes - seeking to … contain pension deficits without hurting acquired rights. Reforms to the civil servant pension system are expected to cut the …
Persistent link: https://www.econbiz.de/10009357888
This paper presents new evidence for major world regions and for the most populous countries in each region on associations between the average ages of populations and three groups of economic outcomes: (1) macroeconomic aggregates (domestic saving as a share of GDP, GDP per capita, capital per...
Persistent link: https://www.econbiz.de/10010944215
's work, tendencies in gender wage differentials and occupational segregation, and the gender implications of pension reform …
Persistent link: https://www.econbiz.de/10010895454
This paper surveys the recent literature on the political economy of fiscal policy, in particular the accumulation of government debt. The authors examine three possible determinants of fiscal balances: opportunistic behavior by policymakers, heterogeneous fiscal preferences of either voters or...
Persistent link: https://www.econbiz.de/10010943717
In this post-modern world of high capital mobility, countries are being disciplined by the anonymous capital market. One view of the situation -perhaps the prevalent view among economists- is that Wall Street gets into your hair because you are running an unsustainable economic program and...
Persistent link: https://www.econbiz.de/10010944377
This report moves beyond the conventional scope of economics to examine three entrenched structural factors -demography, geography and institutions- that are closely connected to economic and social development. Historical in nature and slow to evolve, these variables are not always in the...
Persistent link: https://www.econbiz.de/10010895492