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Structural reforms in Brazil: Progress and unfinished agenda by Teresa Ter-Minassian published by IDB. “This paper discusses Brazil’s structural reforms since the 1990s and areas where work remains to be done. Reforms of the 1990s included the containment of…

The fall and rise of Keynesian Fiscal Policy by Alan J. Auerbach indicated by Isaias Coelho. “This paper reviews the recent evolution of thinking and evidence regarding the effectiveness of activist fiscal policy, including how policy multipliers might vary…

Latin America and the Caribbean: Holding steady so far, but risks loom by Lisa M. Schineller published by Standard & Poor’s. “Our economic outlook for Latin America continues to hold fairly steady amid uncertainty in the global economy. Standard&Poor’s…

The future of EU budget support: political conditions, differentiation and coordination byJörg Faust, Svea Koch, Nadia Molenaers, Heidi Tavakoli and Jan Vanheukelom. “At the end of 2011 the European Commission published a Communication on the future of EU budget…

Economic effects of reducing the fiscal restraint that is scheduled to occur in 2013 by Congressional Budget Office (CBO), (05/2012). “In fact, under current law, increases in taxes and, to a lesser extent, reductions in spending will reduce the…

Beyond the austeriity debate: the deficit bias in the post-Bretton woods Era by Carlo Cottarelli. “The austerity vs. growth debate has raged in recent months, pitting those who argue that fiscal policy should be tightened more aggressively now to…

Brazil’s structural fiscal balance by Mauricio Oreng published by Itaú. “in this paper, we provide new, updated estimates for Brazilian public sector’s structural primary fiscal balance. The current fiscal framework needs to include incentives to save in expansionary years….