From Expansion to Austerity: challenges and risks of the radical fiscal policy turn in Brazil (One Pager 360)
Resources - Author: Rodrigo Octávio Orair, Sergio Wulff Gobetti / Year: 2017
Brazil, in the period after the great financial crisis of 2007–2008, presents a compelling case study of the interactions between fiscal policy and business cycles. The country is noteworthy not only for being one of the very few that dealt relatively well with the most acute stage of the...
Read MoreBrazilian Fiscal Policy in Perspective: from expansion to austerity
Resources - Author: Rodrigo Octávio Orair, Sergio Wulff Gobetti / Year: 2017
This paper analyses the changes in orientation and composition of Brazilian fiscal policy, focusing on three recent periods and seeking to explore their relationship with economic performance. The first period (2005–2010) was characterised by fiscal expansion, with public investment and redistributive transfers as its main drivers. Economic performance was...
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