An analysis of Brazilian Golden rule

Vol. 39 No. 1 (2019)

Jan-Mar / 2019
Published January 1, 2019
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Pires, Manoel. 2019. “An Analysis of Brazilian Golden Rule”. Brazilian Journal of Political Economy 39 (1):39-50.

An analysis of Brazilian Golden rule

Manoel Pires
Instituto Brasileiro de Economia da Fundação Getúlio Vargas – IBRE/FGV, Rio de Janeiro – RJ, Brasil. Faculdade de Economia da Universidade de Brasília – FACE/UnB, Brasília – DF, Brasil.
Brazilian Journal of Political Economy, Vol. 39 No. 1 (2019), Jan-Mar / 2019, Pages 39-50


Fiscal rules specify the way fiscal policy will achieve their goals. This paper explains the operation of golden rule in Brazil and evaluates whether the main goals have been achieved looking for its attributes and for the international experience.

JEL Classification: H53; H12; O11.

Keywords: Golden rule Fiscal sustainability Public investments