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Over the last few decades, Brazil has experienced relatively weak economic growth due to stagnant...

This paper is concerned with economic consequences of unethical governance. A framework is set...

Two main themes of the book are that (1) politics can distort optimal fiscal policy through...

Understanding of the domestic political environment is key to building broad country ownership...

The legacy of non-performing loans and high opportunity cost of government financing of bank...

This paper provides evidence of fiscal procyclicality, excessive deficits, distorted budget...