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Special StudiesThe Special Study (Estudo Especial, or EE, in Portuguese) aims at fulfilling IFI’s functions and objectives, according to the Federal Senate Resolution No. 42, of 2016. The EEs address issues that require a more detailed and in-depth analysis, resembling an academic study and containing literature review, econometric analyses and comparative evaluations. The IFI has published EEs on topics such as: cost of foreign reserves, fiscal issues of State governments, Golden Rule, relationship between the Treasury and the Central Bank, among others. EEs do not have a defined periodicity and are published less frequently, due to the time required for the preparation of studies with wider scope.