Refining Macroeconomic (Mourougane)

Refining macroeconomic policies to sustain growth in Brazil by Annabelle Mourougane published by OECD. “This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in a new environment in which population will age at a rapid pace, heavy reliance on oil resources will increases public revenue volatility and uncertainties regarding the external environment are higher, possibly permanently. More specifically, the country needs to pursue fiscal consolidation and remove existing rigidities in the budget process.”