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Estimating a fiscal reaction function: the case of debt sustainability in Brazil

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01-Apr-2005

Luiz de Mello

This paper reviews trends in fiscal performance in Brazil and tests for the sustainability of the public debt dynamics. Economics Department Working Paper 423.

Economic Survey of Brazil 2005: Remarks by Andrew Dean, Deputy Director, OECD Economics Department

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03-Mar-2005

Andrew Dean

The OECD Economic Survey of Brazil 2005 was published on March 1, 2005. On this occasion, Andrew Dean, Deputy Director, OECD Economics Department, delivered these introductory remarks at a seminar at ...

Economic Survey of Brazil 2005

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01-Mar-2005

Brazil is reaping the benefits of macroeconomic consolidation and the economic recovery is now firmly established. But challenges remain to improve the quality of fiscal consolidation, to enhance the investment ...

Economic Survey of Brazil 2005: Better targeting government social spending

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01-Mar-2005

Government social spending is estimated to be mildly progressive in terms of its impact on income inequality, but this masks important differences in the incidence of spending on particular social programmes. ...

Economic Survey of Brazil 2005: Regulation of the electricity sector

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01-Mar-2005

A new model for the electricity sector was approved by Congress in March 2004 and is now being implemented. How does the new model work and what will change relative to the current set-up? Excerpt taken ...

Economic Survey of Brazil 2005: Reforming Brazil's bankruptcy legislation

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01-Mar-2005

Brazil’s new bankruptcy legislation makes the restructuring of firms in financial distress more cooperative and conducive to recovery. The new law is expected to ease constraints on loan recovery, contributing ...

Economic Survey of Brazil 2005: Further developing financial markets

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01-Mar-2005

This chapter discusses the main weaknesses and strengths of Brazilian financial markets. Low credit ratios, high intermediation costs, and financial exclusion contrast with the expansion of the institutional ...

Economic Survey of Brazil 2005: Enhancing the regulatory framework

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01-Mar-2005

This chapter assesses Brazil’s product market regulation and the regulatory framework for several network industries: electricity, oil and gas, and water and sanitation. Private investment can be encouraged ...

Economic Survey of Brazil 2005: Strengthening social policies and expenditure

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01-Mar-2005

This chapter discusses the main weaknesses and strengths of Brazilian financial markets. Low credit ratios, high intermediation costs, and financial exclusion contrast with the expansion of the institutional ...

Book edited by Javier Santiso

The Visible Hand of China in Latin America