A mixed view on the economy
Posted inEconomics

A mixed view on the economy

A mixed read on the Brazilian economy from the IMF, raising expectations about growth this year, even as they point to a long list of potential risks, such as rising public debt, and limited fiscal space for any additional stimulus or expansion in social spending. Mincing fewer words, former finance minister Pedro...
October 9, 2020Posted inEconomics
(Non-)Reciprocity as Economic Policy
Posted inEconomics Politics

(Non-)Reciprocity as Economic Policy

Natalia Ferreira de Carvalho Rodrigues, of the Fundação Getulio Vargas, offers a nuanced evaluation of one of Brazil’s most egregious fiscal policies, the Refis program for tax debt forgiveness, which the federal government has repeatedly used since the turn of the century to try to prop up employment.  Bottom line conclusion: although...
October 9, 2020Posted inEconomics, Politics