Showing 1 - 10 of 223
This paper studies the determination of the surpluses of the Brazilian central government. For quarterly data from 1996 through 2011, the empirical strategy included: i) structural break models and nonlinear estimates on the level of public debt, to handle the inertia after 1999, for high levels...
Persistent link: https://www.econbiz.de/10010330904
This paper studies the determination of the surpluses of the Brazilian central government. For quarterly data from 1996 through 2011, the empirical strategy included: i) structural break models and nonlinear estimates on the level of public debt, to handle the inertia after 1999, for high levels...
Persistent link: https://www.econbiz.de/10009737243
With the external accounts problems reasonably solved, Brazil’s economic policy agenda is bound to be increasingly focused on fiscal issues. What makes the design of economic policy especially complex in this area is the fact that there are several superimposed and potentially conflicting...
Persistent link: https://www.econbiz.de/10011807338
Portuguese Abstract: O Brasil é novamente um ponto fora da curva nas comparações internacionais. De acordo com recente estudo do FMI, a folha de pagamento nos países avançados e nos emergentes corresponde, em média, a 10,2% e 9,4% do PIB, respectivamente. Como o Brasil gasta acima dessas...
Persistent link: https://www.econbiz.de/10012943489
With the external accounts problems reasonably solved, Brazil’s economic policy agenda is bound to be increasingly focused on fiscal issues. What makes the design of economic policy especially complex in this area is the fact that there are several superimposed and potentially conflicting...
Persistent link: https://www.econbiz.de/10005056713
With the external accounts problems reasonably solved, Brazil’s economic policy agenda is bound to be increasingly focused on fiscal issues. What makes the design of economic policy especially complex in this area is the fact that there are several superimposed and potentially conflicting...
Persistent link: https://www.econbiz.de/10005744635
estimate a non causal VAR with Brazilian typical data and compare its forecasts to a regular causal VAR, using the same data … determination of the effects fiscal policy, as the non causal VAR has shown substantially better predictive ability than the regular … causal VAR for that dataset. …
Persistent link: https://www.econbiz.de/10012802817
causal VAR with Brazilian typical data and compare its forecasts to a regular causal VAR, using the same data found to be non … fiscal policy, as the non causal VAR has shown substantially better predictive ability than the regular causal VAR for that …
Persistent link: https://www.econbiz.de/10012656123
This paper estimates the primary structural budget balance (eliminating the effects due to cyclical fluctuations in GDP and oil price) for the central government and public administrations from 1997 to the second quarter of 2010. Some adjustments were made on the IMF methodology to account for...
Persistent link: https://www.econbiz.de/10010330704
This paper provides a survey of the methodologies for estimating the structural budget balance and the fiscal impulse, which highlights the recent international literature spread by European Commission studies (Havik et al., 2014; Carnot e Castro, 2015). From this theoretical background, the paper...
Persistent link: https://www.econbiz.de/10012146736