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This article investigates the effects of fiscal policy shock in the Brazilian economy using quarterly data during the …. We find that in response of an expansionary shock of public expenditures the private consumption increases surely. It can … shock of the public net revenues. But in long run the probability of this response to be positive rises strongly.With 76 …
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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...
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The study presents a macro-finance model to analyze the impacts of a fiscal policy shock in the Brazilian term …
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This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...
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