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...

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...

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...

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...

This paper tests the sustainability of the Brazilian public debt throughout its history as an independent nation (1823-2004) by the use of cointegration tests. Since the sample period covers a historical period highlighted by a great deal of political, economic and institutional shifts,...

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...

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...