| Grant number: | 12/04600-0 |
| Support Opportunities: | Scholarships in Brazil - Doctorate |
| Start date: | July 01, 2012 |
| End date: | June 30, 2015 |
| Field of knowledge: | Applied Social Sciences - Economics - Fiscal and Monetary Policies |
| Principal Investigator: | Fabiana Fontes Rocha |
| Grantee: | Carlândia Brito Santos Fernandes |
| Host Institution: | Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil |
| Associated scholarship(s): | 13/07326-9 - The pattern of fiscal policy in developing economies: there is a trap of procyclical fiscal policy?, BE.EP.DR |
Abstract In the literature it has been argued that developing countries conduct their fiscal policies differ from those practiced in industrialized countries: while the former adopt the kind of pro-cyclical, destabilizing, which intensifies recessions and does not allow the operation of automatic stabilizers, countries of high income typically use counter-cyclical, stabilizer. The main reason that would lead developing countries to adopt such a policy would achieve credibility. The main objective of this research is to analyze the fiscal policy in Brazil between 1999 and 2009 has been pro-cyclical or counter-cyclical and its determinants, and discuss the role of the Fiscal Responsibility Law in this context. To this, will be estimate a model to obtain the structural balance of the fiscal budget, that is, a way to monitor fiscal policy. | |
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