We tested, empirically, whether the Brazilian fiscal policy for the period between 1995: I to 2008: III was active or passive. To analyze fiscal policy transmission mechanisms, we estimated functions by which the public debt/GDP ratio affects investment, primary surplus, output gap and the...

We provided a simple equilibrium model where both the wage paid by firms and the sexual frequency of their workers are determined in equilibrium. The analysis is carried out within an efficiency wage model where the worker's effort is influenced, in addition to wage, by the willingness to work....