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This paper analyzes several issues regarding fiscal sustainability and fiscal adjustment in Brazil during 1990 and searches for econometric evidence of a monetary dominant regime during some subperiods. The following statistical data are also presented in detail: macroeconomic flows and balances, industrial production, consumer price index, relative public sector prices and tariffs, minimum wage statistics, financial system loans, monetary aggregates, exports by principal commodity groups, direction of trade, detailed balance of payments, total external debt, central government operations, and so on.Doan, Thomas, 1996, RATS User a#39;5: Manual, Version 4, Estima (Evanston, IL). Grilli, Vittorio, and Nouriel Roubini, 1996, a€œLiquidity Models in the Open Economy : Theory and Empirical Evidencea€ European Economic Review, Vol.40, No.3-5, ppanbsp;...

Author:International Monetary Fund
Publisher:International Monetary Fund - 2001-01-11


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