This paper examines whether fiscal illusion can help to explain the behavior of federal government expenditures in Brazil during period 1990-2011. The analyses is based on a median voter model that admits that the degree of tax visibility may affect the individual's perception of his tax burden...

This paper examines whether fiscal illusion can help to explain the behavior of federal government expenditures in Brazil during period 1990-2011. The analyses is based on a median voter model that admits that the degree of tax visibility may affect the individual’s perception of his tax...

This paper analyses primary revenue, primary expenditure, public investment and public consumption from Brazilian federal government by Markov Switching Vector Autorregressive methodology (MS-VAR), investigating if these fiscal variables are procyclical or countercyclical in relation to Brazil...

The mapping of frequency rates of events is an important tool for guiding public policy. Nevertheless, this problem has not received adequate attention by most researchers. In many studies, the used ratios have serious problems when the geographic units have a small population at risk and when...

This paper measures the public expenditure macroeconomic impacts (public consumption and public investment) in the more important Latin American economies by cointegrated autoregressive vectors. In the long run, public investments affect positively output and private consumption, although it has...

This study aims to review some of the recent approaches to the regional problem in Brazil regarding the Northeast region. The focus of the analysis is more on the instruments predicted than on the diagnostics provided. In general, regional development policies take place through public and/or...

There is a lot of debate about the fiscal impact of the National Treasury loans to BNDES. Given that the interest rates of the loans are mostly indexed to TJLP, there is, in principle, a fiscal cost equal to the difference between TJLP and the market rates of Treasury debt. However, this...

There is a belief among Brazilians that the country pays too much tax and that this value does not return to society with the provision of good public services, that the state inefficiency coupled with corruption consumes the generated resources. However, the Brazilian society needs to fully...