This text evaluates the effect of the BNDES Finame credit program on the survival of Brazilian firms, separated according to their size, between 2002 and 2016. To this end, we employ the survival analysis method. In this work, we use the microdata bases of RAIS and BNDES financing operations....

The Programa Crescer is a sub-program under the Programa Nacional de Microcredito Produtivo Orientado (PNMPO), considered a microcredit policy aimed at low-income formal and informal micro-entrepreneurs, providing credit without collateral and with interest rates subsidized by the Governo...

Globalization and regional economic integration have increased factor mobility and have reduced commercial barriers among countries. In this context, tax competition among national (subnational) governments to attract factors of production and consumers to their respective jurisdictions became...

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...

This paper aims to contribute to the debate on the best way to reduce the tax burden on the production sector in Brazil, by simulating an overlapping generations model calibrated to the country's economy. Our focus is on the comparison of the macroeconomic and welfare impacts brought about by...

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...