The Brazilian fiscal-federative structure presents some peculiarities that make it distinct, especially with regard to the competences related to local governments. The transfer model and the occurrence of the flypaper ...

This paper evaluates the sustainability of public debt in Brazil using monthly data from the period between January 2003 and June 2016, based on estimation of fiscal reaction functions with time-varying coefficients. Three ...

This paper evaluates the sustainability of public debt in Brazil using monthly data from January 2003 to June 2016, based on the estimation of fiscal reaction functions with time-varying coefficients. Three estimation ...

This paper proposes a model to study how conditional lending and immediate liquidity provision affect incentives for fiscal adjustment in a country facing the risk of sovereign default. Conditional lending provides explicit ...

O objetivo desta pesquisa é investigar a evolução das combinações de política monetária e política fiscal no Brasil a partir do sistema de metas de inflação. Para alcançar esse objetivo, utilizou-se um modelo de equilíbrio ...

Research that seeks to estimate the effects of fiscal policies on economic growth has ignored the role of public debt in this relationship. This study proposes a theoretical model of endogenous growth, which demonstrates ...