Brazil: Selected Issues Paper

International Monetary Fund

No 2012/192, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues Paper discusses the macroeconomic implications of pension reforms in Brazil. It assesses empirically the relationship between fiscal policy and the real effective exchange rate in emerging markets and draws policy implications. It reviews the current status of local capital markets in the country, the key challenges, and policy options for further development. The paper also provides a detailed description of consumer credit developments and analyzes recent indicators of household financial distress associated with the credit expansion that has taken place in the last couple of years.

Keywords: ISCR; CR; GDP; loan; interest rate; investment; government spending; transition cost; real GDP; retirement age; lending product; RPPS subsystem; extent fiscal policy; appreciation pressure; consumer lending; investor base; Public investment spending; Public investment and public-private partnerships (PPP); Real exchange rates; Credit; Consumer credit; Global; Eastern Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 72
Date: 2012-07-20
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Citations: View citations in EconPapers (1)

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