International journal features FGV study on fiscal and monetary policy
The paper, on the role of monetary and fiscal institutions in the Brazilian economy since 1990, was published by the Quarterly Journal of Economics and Finance.
A paper by researchers from FGV’s Brazilian Institute of Economics (IBRE), on the role of monetary and fiscal institutions in the Brazilian economy since 1990, was published by the Quarterly Journal of Economics and Finance. Written by economists José Roberto Afonso, Bernardo Fajardo (IBRE), and Eliane Araújo (Universidade Estadual de Maringá), the study is the most viewed paper in the journal.
Entitled ‘The role of fiscal and monetary policies in the Brazilian economy: Understanding recent institutional reforms and economic changes,’ the paper states that the institutional reforms implemented in Brazil were predominantly created in response to a series of internal and mainly external crises. According to the researchers, the country’s experience in designing and managing institutions for this particular purpose is potentially interesting to other emerging economies with low or average income. The study concludes that there are many lessons to be learned from Brazil’s experience, both regarding what could be done and what would be best to avoid.
The Quarterly Journal of Economics and Finance publishes papers in the fields of economy, financial economy, and finance. The subject may be theoretical, empirical, or politically related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis, and clear writing. At least one special issue is published every year.
Please visit the website to read the paper.
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