The role of fiscal and monetary policies in the Brazilian economyunderstanding recent institutional reforms and economic changes

Resumo

Monetary and fiscal institutions have played a decisive role in the stabilisation of the Brazilian economy since the mid-1990s. In Brazil institutional reforms were predominantly made in response to a succession of internal and, particularly, external crises. Brazil's experience of designing and managing institutions to this end is likely to be of interest to other emerging and low- or middle-income economies. As such, the Brazilian experience offers many lessons to be learned, both in the sense of what could be done and what is better avoided. � 2016 The Authors

Ficha do documento

Tipo

Artigo científico

Ano

2016

Instituição

Elsevier B.V.

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso aberto

DOI

10.1016/j.qref.2016.07.005

Identificador

oai:repositorio.fgv.br:10438/25124

Temas

EconomiaFinanças Públicas

Palavras-chave

Brazilian economyFiscal policyFiscal responsibilityInflationMacroeconomic stabilityMonetary policyEconomiaInstituições financeirasEstabilização econômicaBrasil - Condições econômicasPolítica tributária