The macroeconomic effects of cash transfers appear to work through demand for locally produced goods and services. The estimates for Brazil are also fairly large compared with estimates for the United ...

This paper provides new evidence on the macroeconomic impact of cash transfers in developing countries. Using a Bartik-style identification strategy, the paper documents that Brazil’s Bolsa Familia ...

He gutted the conditional component of the Lula-era Bolsa Familia conditional cash transfer programme ... fuel and basic goods prices, growing public and private debt, and a tightening of global ...

Brazil's economy grew 0.9% in the third quarter ... in the country's Gross Domestic Product (GDP)—the total of all goods and services produced nationwide. In the four quarters to date, growth ...