"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to … Brazil. But the relationship is nonlinear: the impact of the primary balance on spreads is amplified as the debt ratio … disappointing growth performance in Brazil during the past decade. "--World Bank web site …

The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to … Brazil. But the relationship is nonlinear: the impact of the primary balance on spreads is amplified as the debt ratio … disappointing growth performance in Brazil during the past decade. …

The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to … Brazil. But the relationship is nonlinear: the impact of the primary balance on spreads is amplified as the debt ratio … disappointing growth performance in Brazil during the past decade …

This paper describes the main trends of Brazil's fiscal policy during the last decade and analyzes: (1) the ability to … verify that both the debt ratio and the primary balance are determinants of spreads and credit ratings in Brazil. However … to disappointing growth performance in Brazil during the past decade …