The article discusses, based in the theory of Central Bank independence and in the process of formation of the Brazilian monetary authority, the autonomy de facto of BCB inside the State and in face to civil society. Although it is not formally independent, for not disposing of the exclusive...

The article discusses, based in the theory of Central Bank independence and in the process of formation of the Brazilian monetary authority, the autonomy "de facto" of BCB inside the State and in face to civil society. Although it is not formally independent, for not disposing of the exclusive...

The present work aims to explore the existing theories about the size of the public sector and test empirically in Brazilian municipalities. The theoretical model assumes that the economy has only two sectors: the public and the private. The latter receives productivity shocks while the former...

The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term structure of interest rate in the period 1999-2010. Fiscal policy explains a higher proportion of the long-term interest rate variance (25% of the five years rate) comparing to the...

Basic sanitation services have been undergoing substantial institutional change since the adoption of the new Brazilian National Sanitation Law, in 2007 (Federal Statute n. 11.445/2007, hereinafter LNSB [Lei Nacional de Saneamento Básico]), both as an industrial chain for the provision of...

This paper tries to contribute to the current discussion on sharing rules of royalties in Brazil from theoretical and empirical reflections about fiscal federalism and from a comparative analysis of the experiences of oil producing countries that, as our example, organize themselves like...

On this paper, we evaluate the Brazilian intergovernmental fiscal transfers, identifying which kind would be more adequate to schedule a transfer system denoted by efficiency and equity in the access to public services, proposing, in particular, specifics kind and ways of executing healthcare...

Distribution of tax revenue among municipalities - which are constitutionally official federal entities in Brazil - is highly unequal vis-à-vis their demands of public services. Given conurbation processes and intense urbanization in the second half of the past century, some municipalities...