Este trabalho tem por objetivo estudar as relacoes de longo prazo existentes entre crescimento economico, distribuicao de renda e politica fiscal, obtidas a partir de modelos de crescimento endogeno, e testa-las em uma analise cross-section para os estados brasileiros entre 1970 e 1990....

This paper identifies leading indicators of fiscal crises based on a large sample of countries at different stages of development over 1970-2015. Our results are robust to different methodologies and sample periods. Previous literature on early warning sistems (EWS) for fiscal crises is scarce...

Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity prices, some of these countries will need to adjust their budgets to the new reality....

This note provides guidance on how to select fiscal rules in a wide range of economies, including advanced, emerging market, and developing economies. The principles and methods discussed are intuitive and easy to implement, and leave room for policy judgment. The methods are based on past...