In this paper we investigate the real effects of fiscal policy in Brazil during the 1995-2008 period by estimating a VAR model that explicitly takes into consideration the role of public debt in the determination of fiscal variables, as recommended by Favero and Giavazzi (2007). According to our...

This paper aims at analyzing the relationship between capital account liberalization,economic performance and macroeconomic stability in Brazil. For this purpose,besides a revision in the literature, the paper develops an empirical study on the effects of financial liberalization in Brazil on a...

This paper analyzes the Brazilian case, the transient conditions of employment levels and income distribution in the country, using micro data from the Monthly Employment Survey (PME) produced by the Brazilian Institute of Geography and Statistics (IBGE) to assess the effects of macroeconomic...