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An analysis of Brazilian Golden rule

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Abstract

Fiscal rules specify the way fiscal policy will achieve their goals. This paper explains the operation of golden rule in Brazil and evaluates whether the main goals have been achieved looking for its attributes and for the international experience. JEL Classification: H53; H12; O11.

Suggested Citation

  • Manoel Pires, 2019. "An analysis of Brazilian Golden rule," Brazilian Journal of Political Economy, Center of Political Economy, vol. 39(1), pages 39-50.
    • Handle: RePEc:ekm:repojs:v:39:y:2019:i:1:p:39-50:id:24
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/24/19
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    More about this item

    Keywords

    Golden rule; Fiscal sustainability; Public investments;
    All these keywords.

    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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