Brazil's Fiscal Stance during 1995‑2005: The Effect of Indebtedness on Fiscal Policy Over the Business Cycle
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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Brazil's fiscal adjustment since the floating of the real in 1999 has been impressive, even in periods of lacklustre growth. This suggests a remarkable fiscal effort to ensure public debt sustainability. To better gauge the magnitude of this adjustment effort, this paper applies the methodology used by the OECD Secretariat to distinguish changes...
