last decade. In particular, it explains the large increase of indexed public debt in Brazil prior to the 1994 Real plan and …

This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of … indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage … indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt …

This paper examines the sustainability of fiscal policy under uncertainty in three emerging market countries, Brazil …

of fiscal policy on the other. Applications to Argentina, Brazil, Mexico, South Africa, and Turkey are used to illustrate …

We look into Brazil''s public sector accounts during the two administrations of President Fernando Henrique Cardoso …

substantial pass-through effects to inflation, given the large and persistent depreciation movement. Widespread indexation … indexation is less relevant to the inflation dynamics. Overall, inflation would have remained within the central bank's target …

indexation, uncertainty about policymakers’ preferences, and the existence of fixed costs associated with the implementation of a …