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Henrique de Campos MeirellesInstituto de Empresa
Madrid, October 2005
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Three Pillars of Economic Policy
Fiscal policy aimed at generating consolidated primarysurpluses, and ultimately a gradual reduction in debt-to-GDP ratio;
Inflation targeting regime for the conduct of monetarypolicy; and
Exchange rate flexibility as a means to consolidateexternal adjustment.
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Fiscal Policy
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Current Account for Brasil Contry Analysis
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