It is difficult to exaggerate the macroeconomic and political relevance of the public transfers to the private sector in the Brazilian economy. These transfers have reached 15% of GPD in the last decade. However, there are just a few papers analyzing the evolution of these transfers. Given that,...

It is difficult to exaggerate the macroeconomic and political relevance of the public transfers to the private sector in the Brazilian economy. These transfers have reached 15% of GPD in the last decade. However, there are just a few papers analyzing the evolution of these transfers. Given that,...