FISCAL CRISIS OF THE STATE

2004. While income per capita increased 8.5% in 20 years, social expenditures, 43.4%. Given the improvement in social standards this demonstrates that social expenditures are effective. (Note: Revista Econômica)*

2002. Economic and political analysis of the fiscal crisis of the state from 1980 to 1995 in Brazil. Includes a critical introduction. Portuguese and English versions available. (Book: Maison des Sciences de l'Homme) In bookstores

1993. IMF adjustment programs and World Banks structural reforms ignore that the Brazilian economy faces abnormal times. (Paper in Revista da USP)

1992. Stabilization and other market-oriented economic reforms face a double challenge in new democracies: they have to be economically effective and politically feasible. Since 1980 Latin America faced a debt crisis and a crisis of the state. Now, two competing interpretations are present the neo-liberal Washington Consensus and the fiscal crisis of the state approach. The later anticipates the 2003 "new developmentalism". (Paper: Chapter 1 of Economic Reforms in New Democracies).

1993. Since 1980 Latin American faced a debt crisis and a crisis of the state, which was also a crisis of the developmentalist interpretation. Now, two competing interpretations are present: the neoliberal Washington Consensus and the fiscal crisis of the state approach. English and French versions available. This is a preliminary version of my chapter in Economic Reforms in New Democracies, 1993. The "fiscal crisis approach" anticipates the 2003 "new developmentalism". (Paper: Novos Estudos CEBRAP )*

1993. After the dependency interpretation of Latin America, now two competing interpretations are present: the neoliberal Washington Consensus and what I propose: the fiscal crisis of the state approach. Portuguese and French versions available. This paper is a preliminary version of my chapter in Economic Reforms in New Democracies (1993). The "fiscal crisis approach" anticipates the 2003 "new developmentalism". (Paper: Instituto Norte-Sul Discussion Paper)

1992. A slightly modified version of the Magna Class at the XVIII ANPEC’S Congress (National Association of Graduate Courses in Economics), Brasília, December 4, 1990.

1992. Collected papers written between 1987 and 1991 analyzing the Brazilian foreign debt crisis, fiscal crisis of the state, and inflation. (Book: Editora Nobel). Esgotado. Available here in pdf.

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. English, French, and Spanish versions available. Pesquisa e Planejamento Econômico 21(1), abril 1991: 3-23.

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English, and French versions available. (Paper: Pensamiento Iberamericano)

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English and Spanish versions available. (Paper: Problèmes dAmerique Latine).

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt crisis and a fiscal crisis of the state. Portuguese, French, and Spanish versions available. (English version not published: just available in this site).

1989. A testimony to IUPERJ on the author's experience as Finance Minister in Brazil. I receive the finance ministry when the Great Debt Crisis of the 1980s reaches its peak with the failure of the Cruzado Plan. The emergence "Bresser Plan", and the negotiation of the foreign debt. Available in Portuguese, and in an extended version. (Published in Problèmes d'Amérique Latine)

1988. A testimony to IUPERJ (Wanderley Guilherme dos Santos) on the authors experience as Finance Minister of Brazil. Available in French, and also an extended and revised version.(Discussion paper, IUPERJ)

1988. The country will only be able to resume growth if it combines fiscal adjustment with a substantial reduction of the the foreign debt, which should be unilateral, given the lack of dispostion of creditor to negotiate the securitization that I previously proposed. Versão inglesa ligeiramente reduzida em Christine Bogdanowicz-Bindert, org., Solving the Global Debt Crisis, New York: Harper & Row, 1989, com o título "A Debtor's Approach to the Debt Crisis" . (Paper in my edited book Dívida Externa: Crise e Soluções)

1987. Investment used to be financed by the state. Yet, given the fiscal crisis of the state, the private sector is supposed to play a more active role. First paper where I discuss the fiscal crisis of the state. English version available.(Paper: Revista de Economia Política)

1987. Investment used to be financed by the state. Yet, given the fiscal crisis of the state, the private sector is supposed to play a more active role. First paper where I discuss the fiscal crisis of the state. Portuguese version available(Paper)

1985. The tax burden say what type state a nation has. in Brazil it is low in comparison with rich countries. It must be increased to finance the required social expenditures. (Lecture in Revista da Procuradoria Geral do Estado de S.Paulo)