Recentemente, a pesquisa econômica brasileira viu seu interesse pelo produto potencial ser reacendido. Este é uma variável não observada e como tal tem que ser construída conceitualmente a partir de uma teoria, tornando-se passíivel de controvérsias. O primeiro objetivo deste artigo é...

Since the mid-1990s, Brazil has struggled, with limited success, to reform its intergovernmental financing arrangements. Every four years, the electoral cycle brings promises of much needed reforms. Recently, Brazil had an unusual window of opportunity to promote such reforms, brought about not...

The adoption of a set of fiscal and budgetary institutions for a better macroeconomic performance has been gathering support in various governments. This article states that Institutions matters and adopts the New Institutional Economics framework in its approach. After a brief review of the...