This paper aims to contribute to the debate on possible changes in the Brazilian tax system in the light of recent experience of the European Union (EU) and the United Kingdom, with regard to tax rules. International evidence indicates, according to the International Monetary Fund (IMF) Fiscal...

The results presented in the text show that, by curbing the growth of primary expenditures, Constitutional Amendment 95 has the potential to stabilize and to reduce general government gross debt, thus guaranteeing the sustainability of the Brazilian public debt. The positive effects of a greater...

This Discussion Paper presents an overview of Brazilian public finances through a meticulous work of adjusting and consolidating fiscal statistics, in which central government data were adjusted to deal with creative accounting and subsequently consolidated with data from subnational...

This study deals with state action through the analysis of the main administrative instruments with planning and budgeting, aiming to illustrate the different characteristics between the planning and budgeting instruments under the multi-annual perspective and to present possible risks of...

So far, there are very few papers concerning the problems of non causality and non-fundamentalness in fiscal studies. This is even truer for Brazil. Non causality and non fundamentalness are econometric problems that are specially relevant in fiscal studies, as they are relate to fiscal...

The vector autoregressive and structural vector autoregressive (VAR/SVAR) models are the cornerstone of the contemporaneous empirical macroeconomic research, in particular for measuring the impact of fiscal policy shocks. They may be employed as atheoretical models, as well as a mean to support...

The management of Brazil's public debt imposes a high fiscal cost due to the burden of interest payments. A key factor contributing to the substantial cost of servicing public debt, which hinders the balance of public accounts, is the structurally high nominal and real basic interest rates. The...

The aim of this paper is to analyze the impacts of the reduction of the Brazilian Tax on Industrialized Products (IPI) on the local sales of vehicles during the period between January and November of 2009. In order to evaluate these impacts, sales have been modeled as a function of price, income...

The policy of restraining the opening hours of bars to prevent homicides, developed in south area of São Paulo, may be considered an innovating initiative giving the articulation of political actors and the alternatives used to overcome the local difficulties. This research has two general...

The public policies on mass transit and other economic policies have been unable to avoid increasing mass transit costs and urban bus fares, which places a burden on a majority of the population depending on public transit. This study analyzes the variations in urban bus fares and households...