Tales Chenso da Silva Rabelo

The present study analyzes the capacity of the basic neoclassical model, monetary neoclassical model and the generalized neoclassical model  with money and taxes over direct and indirect income  to reproduce the statistics observed at Brazilian economy over the past 20 years. The study also seeks to provide a set of data that  turns possible to supply the demands of a complete fiscal model. One of the contributions of the study is to present a methodology sufficiently robust to project the income account with its' components;  particularly, the subset that forms the value added in basis prices, which allows generates quarterly time series for  gross operational surplus, salaries, social contributions,  autonomous agents income and other taxes without subsidies. This series are fundamental to create and estimated the stochastic taxes over consumption and income. The study also seeks to measure labor productivity and total factor productivity under  total hours work methodology regarding the continuous reduction of hours per worker in this period. The most impressive conclusion is the bad effect of the volatility of the taxes that provokes a derailment between the product cycle and the cycles of other real variables; notably the labor productivity and the consumption which results in a crowding out of a positive exogenous technological change.