Fiscal and Monetary Governance in Brazil: Institutional Arrangements, Liquidity Management, and the Sustainability of Public Debt

• In Event: Budgetary, Fiscal, and Monetary Policies

Brief Overview

This paper examines how Brazil’s fiscal and monetary governance, especially Central Bank liquidity management and debt sustainability rules, restricts the financing of social policies and undermines constitutional social rights.

Authors

• Elida Graziane Pinto, FGV EAESP

• Gustavo Lopes Fernandes, Fundacao Getulio Vargas