This paper tests sustainability of Brazilian public debt in the period 1991 to 2009, and analyzes implications of requiring that the Brazilian fiscal policy be primarily committed to the sustainability of the public debt. The retrospective analysis utilizes a set of unit root tests and avoids...

The Brazilian exchange rate has suffered strong fluctuations in the last year. They resulted from the Argentina crises and the energetic crises which influenced expectations about the future value of this variable, however the fundamentals of the economy did not vary significantly. In this paper...