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Local Fiscal Resilience to Recessions: Evidence from Brazilian Municipalities

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Public Finance Review

Published online on

Abstract

Public Finance Review, Volume 54, Issue 3, Page 447-474, May 2026.
This paper examines the impact of the 2014–2016 Brazilian recession on the fiscal resilience of municipalities. We utilize a database compiled by IPEA to conduct a panel analysis encompassing all 5,568 Brazilian municipalities to estimate the impact on ...