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Seminar: Growth performance and sustainability in the enhanced engagement countries

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05-Oct-2009

The Economics Department organised a seminar on 24 September 2009 to bridge this gap in the policy debate by identifying potential sources of growth in Brazil, China, India, Indonesia and South Africa, ...

DEV Working Paper 281: Revisiting Political Budget Cycles in Latin America

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14-Aug-2009

Sebastián Nieto Parra and javier Santiso

This analysis highlights, from a governmental and political perspective, the need to avoid fiscal deteriorations around elections in Latin America.

The effectiveness of education and health spending among Brazilian municipalities

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15-Jul-2009

Luiz de Mello and Mauro Pisu

This paper uses a large dataset combining census, household survey and budgetary data for nearly 4 000 Brazilian municipalities to estimate the impact of government spending on education and health outcomes.

The bank lending channel of monetary transmission in Brazil: A VECM approach

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15-Jul-2009

Luiz de Mello and Mauro Pisu

This paper tests for the existence of a bank lending channel in the transmission of monetary policy in Brazil using monthly aggregate data for the period 1995:12 through 2008:6.

Fall in shipbuilding set to continue for some time, says OECD Council Working Party on Shipbuilding

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15-Jul-2009

The economic downturn has hit shipbuilding hard.  New orders have contracted by up to 90% and cancellations have increased, which is likely to result in significant excess shipbuilding capacity.  This outlook is unlikely to improve for some time.

Recent reforms strengthening Brazil’s resilience to economic crisis, says OECD’s Gurría

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14-Jul-2009

Brazil is resisting  the global downturn better than many other countries thanks to sound policies developed over recent years and an improved balance of payments, said Angel Gurría, Secretary-General of the OECD.

Policy Brief: Economic Survey of Brazil, 2009

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14-Jul-2009

The global financial and economic crisis has not left Brazil unscathed. But a recovery is getting under way and should gather momentum in the second half of 2009 and into 2010. Continued macroeconomic ...

Economic Survey of Brazil 2009: Reforming indirect taxes and labour levies

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14-Jul-2009

The complexities and fragmentation of Brazil’s tax system make it particularly onerous to enterprises, making it a priority for reform. The state-level VAT has often been used as an industrial policy instrument, ...

Price and volume elasticities of Brazilian foreign trade: A profit function approach

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06-Jul-2009

Luiz de Mello and Mauro Pisu

To investigate the possible impact of terms of trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008.

Current account sustainability in Brazil: A non linear approach

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06-Jul-2009

Luiz de Mello and Matteo Mogliani

To shed further light on this issue in the context of emerging market economies, this paper uses Brazilian data to estimate the determinants of the current account in a smooth transition vector autoregressive (ST VAR) setting.