In this paper we investigate the macroeconomic and welfare effects of recent proposals to reduce the tax burden on the production sector in Brazil. We evaluate two specific policy measures: a) the replacement of social security taxes with a consumption tax; and b) the provision of tax incentives...

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...

O objetivo deste trabalho é contribuir para o debate sobre a forma ideal de desoneração do setor produtivo por intermédio da simulação de diferentes medidas de reforma tributária no país, por meio de um modelo de equilíbrio geral com gerações superpostas calibrado para o Brasil....