Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91410
Authors: 
Schettini, Bernardo Patta
Gouvêa, Raphael Rocha
Orair, Rodrigo Octávio
Year of Publication: 
2011
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1650
Abstract (Translated): 
This paper estimates the primary structural balance and the fiscal impulse for the Brazilian public administrations from 1997 to 2010. We performed two adjustments: i) initially, one-off measures (including those resulting from creative accounting) were identified; and, ii) after this correction, revenues were adjusted for fluctuations in the level of economic activity and the oil price (in the case of royalties and special participations). The elasticities and the long-run path of the reference series were estimated via the Kalman filter. Our results underscore the relevance of the structural balance in the context of the current debate over credibility and rigidity of fiscal rules, as well as its importance for the monitoring and analysis of the Brazilian fiscal policy stance.
JEL: 
E32
E62
H62
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.