Economic Survey of Brazil 2009: Looking beyond the global financial and economic crisis towards sustained growth

Brazil’s economic fundamentals have improved considerably in the ten years following the abandonment of exchange rate management in 1999 and adoption of a policy framework combining inflation targeting, rules based fiscal management and a flexible exchange rate. The economy is therefore weathering the effects of the unfolding global financial and economic crisis rather well, and an incipient recovery is getting under way. The policy

Economic Survey of Brazil 2009: Reaping the benefits of macroeconomic consolidation

Despite the current problems related to the global financial and economic crisis, ongoing macroeconomic adjustment continues to bear fruit. Attainment of the primary budget surplus targets has delivered falling public debt-to-GDP ratios since 2003. Prudent debt management has reduced refinancing risk and external vulnerabilities. The forward looking conduct of monetary policy within a framework combining inflation targeting with a

Economic Survey of Brazil 2009: Making government operations more cost-effective

Despite considerable progress in many areas, there remains substantial scope for making government operations more cost-effective. Brazil spends a high share of GDP on selected government financed programmes in relation to many OECD countries and its emerging-market peers, but outcome indicators are often comparatively poor. As a result, in the absence of efficiency gains, further increases in spending would need to be financed

Monetary policies and inflation targeting in emerging economies: Executive Summary

Monetary policies and inflation targeting in emerging economies: Executive Summary. Several emerging-market economies have adopted inflation targeting as their institutional framework for conducting monetary policy.

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Monetary policies and inflation targeting in emerging economies

Several emerging-market economies have adopted inflation targeting as their institutional framework for conducting monetary policy. This volume focuses on the experiences of Brazil, Chile, Czech Republic, Indonesia, South Africa, and Turkey.

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Sumário: Estudo Econômico do Brasil, 2005

A avaliação geral desse Estudo é que o Brasil está colhendo os benefícios da consolidação macroeconômica, apoiada por uma condução prudente das políticas públicas.

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