Fiscal Straitjacket: The Politics of Macroeconomic Reform in Brazil, 19952002 A version of this article was presented at the David Rockefeller Center for Latin American Studies, Harvard University, October 2002. I thank the participants at that seminar, and am also grateful to Fernando Abrucio, Octvio Amorim Neto, Leslie Elliot Armijo and Philippe Faucher for their comments.