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    • A crise econômica de 2014/2017 

      Barbosa Filho, Fernando de Holanda
      2017-04-01
      This paper argues that the Brazilian economic crisis of 2014-2017 is a result of a combination of economic policies that reduced Brazil's potential economic growth and of a fiscal crisis that led to unsustainable growth ...
    • Fiscal costs of monetary policy: indirect effects of an interest rate shock on Brazilian public net debt 

      Carvalho, Laura; Diniz, André; Pedrosa, Ítalo; Rossi, Pedro
      2016-09-01
      The paper estimates the fiscal cost of an increase in the Brazilian policy interest rate - the SELIC - by considering not only the direct effect on the yield of public bonds that are indexed to the SELIC, but also indirect ...