The aim of this paper is to discuss the assumptions made to justify Government deficit control as the core of economic policy. The paper questions the direction of causality established by the traditional view that sees the Government deficit as a decisive element in determining inflation, the...

The goal of the chapter is to discuss the ways of state action in Brazil since Fernando Henrique Cardoso (FHC) to Dilma Rousseff. The intention is not to scrutinize the performance of public accounts but scrutinize the stance of fiscal policy, the role reserved to the State and the instruments...