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Fiscal Federalism And Stabilization In Brazil
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Book Synopsis The New Fiscal Federalism in Brazil by : Anwar Shah
Download or read book The New Fiscal Federalism in Brazil written by Anwar Shah and published by World Bank Publications. This book was released on 1991 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of the existing state of fiscal federalism in Brazil and suggests directions for change.
Book Synopsis Fiscal Federalism and Stabilization in Brazil by :
Download or read book Fiscal Federalism and Stabilization in Brazil written by and published by . This book was released on 1992 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal federalism and stabilization policy in Brazil by : Rogério Ladeira Furquim Werneck
Download or read book Fiscal federalism and stabilization policy in Brazil written by Rogério Ladeira Furquim Werneck and published by . This book was released on 1992 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Federalism and Stabilization Policy in Brazil by : Rogério L. Furquim Werneck
Download or read book Fiscal Federalism and Stabilization Policy in Brazil written by Rogério L. Furquim Werneck and published by . This book was released on 1992 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Policy and Stabilization in Brazil by : Celso L. Martone
Download or read book Fiscal Policy and Stabilization in Brazil written by Celso L. Martone and published by World Bank Publications. This book was released on 1989 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Management and the Division of Powers in Brazil by : Antulio N. Bomfim
Download or read book Macroeconomic Management and the Division of Powers in Brazil written by Antulio N. Bomfim and published by . This book was released on 1991 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brazil's new federalism has limited, but not imperiled, the scope of fiscal policy as a stabilization tool. But the federal control over monetary policy has improved.
Book Synopsis Fiscal Federalism in Brazil by : José Serra
Download or read book Fiscal Federalism in Brazil written by José Serra and published by . This book was released on 2015 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the states and municipalities that comprise the Brazilian Federation have considerable autonomy in raising their own tax income and spending public funds, this is not the outcome of a planned decentralization process. The improvement in fiscal indicators at the subnational-government level since the promulgation of the Fiscal Responsibility Act has made a major contribution to the success of the country's macroeconomic stabilization policy. Nonetheless, the Federation is seen as a major stumbling block for reform of the tax system. As a contribution to the debate on federative balance in the division of fiscal responsibilities, this paper makes a diagnostic study of the federative framework and recent institutional changes, and proposes a new federative agenda.
Book Synopsis Presidents, Governors, and the Politics of Distribution in Federal Democracies by : Lucas I. González
Download or read book Presidents, Governors, and the Politics of Distribution in Federal Democracies written by Lucas I. González and published by Routledge. This book was released on 2016-03-10 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tensions between central authorities and subnational units over centralization and fiscal autonomy are on top of the political agenda in many developing federal countries. This book examines historical changes in the balance between the resources that presidents and governors control and the policy responsibilities they have to deliver. It focuses on Argentina and Brazil, the most decentralized federal countries in Latin America, with the most powerful sub-national governments in the region. Using formal modelling, statistical tools, and comparative historical analyses, it examines substantive shifts in the allocation of resources and the distribution of administrative functions and explains under which conditions these changes occur. In doing so, it presents theoretical and comparative implications for the study of fiscal federalism and the functioning of developing federal democracies. This text will be of key interest to scholars and students of federalism, intergovernmental relations, decentralization, and sub-national politics and more broadly to those studying comparative politics, democratization, political elites, public policy and economics.
Book Synopsis Fiscal Management in Federal Democracies by : William R. Dillinger
Download or read book Fiscal Management in Federal Democracies written by William R. Dillinger and published by World Bank Publications. This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Federalism Against Markets by : Aaron Mitchell Schneider
Download or read book Federalism Against Markets written by Aaron Mitchell Schneider and published by . This book was released on 2001 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brazil written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The globalization of financial markets, has increased international pressure on the federal governments to maintain a hard budget constraint, with respect to sub-national governments. Because growth in sub-national deficits undermines investor confidence, the federal government is under pressure to enforce the new debt control system, if only to keep the foreign investment flowing, and, political support for enforcement of the fiscal rules may also have increased. Nevertheless, there is the case for shifting the system of sub-national debt control from one that depends on central regulation, to one that relies more on markets. The report looks at institutional models for doing so, which include bond markets, and specialized banks. If the market model is to prevail in Brazil, changes in the credit environment must occur: private long term funds must become available, at interest rates compatible with infrastructure investment returns. But continued macroeconomic stability, and declining federal deficits are required before implementing the market model; private lenders must have a level playing field, and, limitations on subsidized government lending is necessary to attract private sector interest; the federal government should refrain from extending implicit guarantees on private loans to sub-national governments, while establishing a pattern of non-interference in sub-national defaults to private banks; and, reforms should remove obstacles that prevent sub-national governments from becoming creditworthy. Likewise, the growing state pension liabilities challenges the present system of fiscal controls.
Book Synopsis Policy Mix, Public Debt Management and Fiscal Rules by : Santiago Herrera
Download or read book Policy Mix, Public Debt Management and Fiscal Rules written by Santiago Herrera and published by . This book was released on 2005 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Despite significant progress in economic reform throughout the 1990s and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored, Herrera identifies other sources of uncertainty emanating from the policymaking framework: fiscal policy was not responsive to the shocks, public debt instruments were used with several objectives (to stabilize the currency and to lengthen maturity) and there was inadequate supervision of agents holding public debt. Most of the flaws have been fixed following the crisis: * The primary fiscal balance has been increased, sending the signal that it is a flexible instrument that will be used to ensure commitment of the sovereign to honor its obligations. * The central bank formally transferred to the Treasury the remaining debt-issuance functions, facilitating a more adequate balancing of different risks involved in debt management. * Mutual funds' public debt holdings are better regulated, ensuring that end-investors have the proper information to assess the risk of the institutions in which they invest. This paper--a product of the Economic Policy Division, Poverty Reduction and Economic Management Network--is part of a larger effort in the network to disseminate country experiences in the design of policymaking frameworks that facilitate adjustment of the economy to external shocks"--World Bank web site.
Book Synopsis Fiscal Federalism and Tax Reform in Brazil by : Eduardo Meira Zauli
Download or read book Fiscal Federalism and Tax Reform in Brazil written by Eduardo Meira Zauli and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As in other federalist political systems, tax income distribution among the federal units is a long standing political issue in Brazil. From the nineties onwards, the political debate centered on tax reform has occupied the forefront of the national political agenda. This paper summarizes the current debate, focusing on the role of the federalist institutions as a main variable defining its contents and the amount of political power of the contending actors. The analysis begins with information on the historical background and organizational features of Brazilian federalism. In this description, the role of veto players in the federalist system is stressed. Their influence is shown to be able to preclude tax reforms required to adapt the Brazilian economy to the new global environment of investment and trade relations. Tax reform is deemed necessary by political leaders, by the business community and by the three levels of government in the country, but the necessary consensus in order to settle its terms is precluded as a result of the regional interests, enhanced by the federalist model of organizing national politics.
Book Synopsis The Political Economy of Fiscal Reform in Brazil by : Marcus Melo
Download or read book The Political Economy of Fiscal Reform in Brazil written by Marcus Melo and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This project examines fiscal reforms in Brazil since the 1990s, particularly in taxation, budgeting, and fiscal federalism. While recentralizing fiscal authority and massively expanding the extractive capacity of the state, policymakers chose not to revamp an inefficient tax system that has nonetheless proven capable of generating high levels of revenue. In budgeting, the economic crises of the mid-1990s prompted the government to rein in subnational fiscal imbalances but discouraged policymakers from introducing major changes in the tax system. As the executive derives utility from fiscal stability and inflation control because of electoral incentives and credibility gains in international markets, reform initiatives can generate political benefits for incumbent politicians. The paper finally argues that the Achilles' heel of the sustainability of the Fiscal Responsibility Law is its enforcement technology: the Tribunais de Contas.
Book Synopsis Brazil : issues in fiscal federalism by : William R. Dillinger
Download or read book Brazil : issues in fiscal federalism written by William R. Dillinger and published by . This book was released on 2002 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on fiscal federalism in brazil by :
Download or read book Essays on fiscal federalism in brazil written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Os três ensaios que compõem esta tese, têm como objetivo analisar o funcionamento do federalismo fiscal no Brasil. O primeiro analisa as tendências de longo prazo no graude centralização e no crescimento do governo e sua relação durante o século XX. O achado mais importante deste ensaio é que os processos de descentralização fiscal promovidos pelas Constituições de 1946 e de 1988 aceleraram o crescimento do governo. Esses processos de descentralização provocaram crises no nível federal, que levaram o governo central a aumentar sua receita tributária para compensar a perda de receitas derivada da descentralização de recursos fiscais. Do outro lado, essa descentralização provocou o crescimento da despesa dos estados e municípios, que não foi compensado pela redução da despesa do governo federal. O segundo ensaio analisa a utilização de transferências intergovernamentais como mecanismo de financiamento dos níveis inferiores de governo. Esse ensaio desenvolveum modelo analítico para explicar o efeito expansivo das transferências sobre a despesa das unidades receptoras, conhecido como flypaper effect, e as diferenças regionais na sua intensidade. Usando um modelo de parámetros variando no espaço, o estudo demonstra empíricamente a presença do flypaper effect nas finanças dos municípios brasileros esuas diferenças regionais. Finalmente, o terceiro estuda os determinantes político institucionais do comportamento fiscal dos estados durante o período 1985-1997. O ensaio mostra a existência de ciclos políticos eleitorais, a influência expansionista da fragmentação do sistema partidário sobre a postura fiscal dos estados, a disciplina fiscal imposta pela da participação política da população e o fato de que que administrações estaduais de esquerda tendem a adotar posturas fiscais mais expansionistas do que as adotadas por administrações estaduais de centro ou de direita.
Download or read book Brazil written by and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: