- Araraquara, São Paulo, Brazil
Research Interests: Finance, Economics, Development Economics, Econometrics, Macroeconomics, and 15 morePolitical Economy, Regional policy, Behavioral Economics, Urban And Regional Planning, Income Distribution, Applied Economics, Inequality, Terms of Trade, Debt Crisis, Developing Economies, Public Administration and Policy, Trade Policies, Shocks, Structural model, and Stabilization policy
We develop a monopolistic competition model of comparative advantages (RCAs) to evaluate, from trade pattern and its determinants, the impact of t rade protection. Evidence is based on Brazil comparatively to a set of developed countries,... more
We develop a monopolistic competition model of comparative advantages (RCAs) to evaluate, from trade pattern and its determinants, the impact of t rade protection. Evidence is based on Brazil comparatively to a set of developed countries, in a panel data of twenty industries over two decades (late 1960s to late 1980s). Estimates show the firm s in the manufacturing industries
Research Interests:
Research Interests:
Research Interests:
The paper analyzes Brazil's Real Plan, an exchange-rate based stabilization program, implemented in 1994, which mixed a spectacular price stabilization with some serious macroeconomic destabilization. The paper focuses on two of these... more
The paper analyzes Brazil's Real Plan, an exchange-rate based stabilization program, implemented in 1994, which mixed a spectacular price stabilization with some serious macroeconomic destabilization. The paper focuses on two of these imbalances: the consumption boom and the financial destabilization; showing that the former represented nothing but the reverse side of a collapsed investment boom, which, in turn, led to the financial (banking) crisis. We hold that these instabilities were produced by a policy arrangement in which monetary and fiscal policies alone had to compensate for a largely appreciated, almost fixed, exchange rate anchor.