Klemm, Alexander - In: CESifo economic studies : CESifo, a joint initiative of … 53 (2007) 2, pp. 229-262
the recent past, ACE systems existed in Austria, Croatia and Italy. Brazil still applies a variant of such a system and … theoretical and empirical assessment of the Brazilian ACE variant. The main finding is that the Brazilian reform introduced an ACE …. Investment appears to have benefited from the reform, although the extent to which this was due to the new structure rather than …