Inflation targeting and price-making in monetary economies: is it possible to conciliate growth with price stability? - Recently a number of countries have adopted explicit inflation targets as a guide for policy since a numerical target is attractive for anchoring inflation expectations....

Monetary policy, inflation and economic growth: the influence of the monetary authority?s reputation upon the economy The following paper aims to show that, although a monetary policy, which merely seeks to control inflation through an interest rate rule (under inflation targeting), may reach...

Based on the hypothesis that the rulers of monetary and fiscal policy in Brazil may have been submitted to different regimes, the present study applies Leeper model (1991; 2005) in order to identify the chronology of policy regimes regarding their active and passive character. The policy rules are...

Based on the hypothesis that the rulers of monetary and fiscal policy in Brazil may have been submitted to different regimes, the present study applies Leeper model (1991; 2005) in order to identify the chronology of policy regimes regarding their active and passive character. The policy rules are...

This article estimates the stance of fiscal policy using the framework of conditional forecasting to evaluate the stance in Brazil since 1997. This indicator is measured as the deviation of forecast of the output gap conditional to the observed values and steady-state values of the instruments...

This article estimates the stance of fiscal policy using the framework of conditional forecasting to evaluate the stance in Brazil since 1997. This indicator is measured as the deviation of forecast of the output gap conditional to the observed values and steady-state values of the instruments...

The failure of Collor Plan in stabilizing the Brazilian economy, in March 1990, is a neglected area in Brazilian economics. The liquidity blockade involving the majority of financial assets reduced inflation rates substantially, from 70% per month to 10% per month, but it rose again gradually to...

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...

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...