This paper aims to contribute to the debate on possible changes in the Brazilian tax system in the light of recent experience of the European Union (EU) and the United Kingdom, with regard to tax rules. International evidence indicates, according to the International Monetary Fund (IMF) Fiscal...

This paper aims to contribute to the debate on possible changes in the Brazilian tax system in the light of recent experience of the European Union (EU) and the United Kingdom, with regard to tax rules. International evidence indicates, according to the International Monetary Fund (IMF) Fiscal...

This Discussion Paper aims to carry out an X-ray of federal public spending between 2001 and 2015 and in addition, a preliminary analysis of the fiscal adjustment in progress, identifying what were the expenditure groups and programs/actions hardest hit. The analytical work is based on a model...

This Discussion Paper aims to carry out an X-ray of federal public spending between 2001 and 2015 and in addition, a preliminary analysis of the fiscal adjustment in progress, identifying what were the expenditure groups and programs/actions hardest hit. The analytical work is based on a model...

This study suggests an alternative approach, nested in exogeneity tests, to verify Ricardian Equivalence. The intuitive appeal and the sophisticated statistical method are the advantage of this new procedure. Furthermore, two others contributions are made: a) an explanation to the failure of...

So far, there are very few papers concerning the problems of non causality and non-fundamentalness in fiscal studies. This is even truer for Brazil. Non causality and non fundamentalness are econometric problems that are specially relevant in fiscal studies, as they are relate to fiscal...

This study suggests an alternative approach, nested in exogeneity tests, to verify Ricardian Equivalence. The intuitive appeal and the sophisticated statistical method are the advantage of this new procedure. Furthermore, two others contributions are made: a) an explanation to the failure of...

So far, there are very few papers concerning the problems of non causality and non-fundamentalness in fiscal studies. This is even truer for Brazil. Non causality and non fundamentalness are econometric problems that are specially relevant in fiscal studies, as they are relate to fiscal...

O objetivo deste artigo é analisar a relação entre ciclo econômico e finanças públicas no Brasil. Dado que no período recente o objetivo principal da política fiscal brasileira foi satisfazer a meta de superávit primário de 4,25% do PIB acordada com o Fundo Monetário Internacional...

This paper proposes an empirical evaluation of the Brazilian state governments' fiscal behavior in the period following the publication of Fiscal Responsibility Law (2002-2012). Measurement of fiscal shocks and estimations from dynamic panel data models of the states' main revenues and...