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“The Naked Truth” by Alexandre Schwartsman. The author discusses the deterioration of Brazil’s fiscal performance.The primary surplus was also recalculated, without adjustment: “the federal balance, which averaged 2% of GDP between 2002 and 2008, has declined to about 0.5%…

Alexandre Schwartsman sent and authorized the circulation of your technique note published by Santander, Who Wants to Be a Millionaire? (7/7/2010). It concludes: “The negative correlation between the Selic rate and the implicit debt cost observed in the past…