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This paper reviews recent trends in fiscal performance in Brazil, estimates fiscal reaction functions for the consolidated public sector and different levels of government, and tests for the sustainability of the public debt dynamics. It suggests that all levels of government react strongly to changes in indebtedness by adjusting their primary budget surplus targets, and discusses the implications for fiscal sustainability and policy recommendations.
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The OECD Economics Department is responsible for analyzing and monitoring economic developments and policies in member countries. It provides policy advice, conducts research, and supports evidence-based economic policy making.
Typically, member countries of the OECD are required to file data and reports with the Economics Department. This includes governments, statistical offices, and other relevant agencies involved in economic policy.
Filling out OECD Economics Department documents generally involves collecting relevant economic data, adhering to prescribed formats, and submitting the information through the OECD's designated platforms or systems for reporting.
The purpose of the OECD Economics Department's work is to promote sound economic policies, facilitate knowledge sharing among member countries, and enhance the understanding of economic trends and challenges at the global level.
Information that must be reported includes economic indicators such as GDP, inflation rates, trade balances, employment statistics, and fiscal policies, as well as data relevant to specific economic analyses requested by the OECD.
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