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Substituição de poupança interna pela externa: o caso do Brasil

2006. Between 1994 and 1999, foreign savings substitute domestic ones instead of increasing investment (72,5%) The inverse happened when the country experienced current account surplus (113,9%). (Paper available only in this site) English version available.

Substitution of foreign for domestic savings: the Brazilian case

2006. Between 1994 and 1999, foreign savings substitute domestic ones instead of increasing investment (72,5%) The inverse happened when the country experienced current account surplus (113,9%). (Paper, just in this site) Portuguese version available.

Quais reformas?

2017-I propose twelve new-developmental ecnomic reforms for Brazil (Facebook page)

Como sair do regime liberal de política econômica e da quase-estagnação desde 1990

2017 – Since 1990, the Brazilian economy is quasi-stagnant under a liberal economic policy regime. Rentier-financier liberalism is incompatible with growth, because it keeps interest rates very high and the exchange rate overvalued in the long-term. (Paper: Estudos Avançados).

Brazil's 36 years-old quasi-stagnation and the interest rate-exchange rate trap

2017. The Brazilian economy is quasi stagnant from 1990, because since the 1980s it dos not have public savings to finance public investments, and because, since 1990, it is caught in a high interest rate-overvalued currency trap that makes the competent industrial firms not competitive and unable to invest.

Onde foi que erramos? Quando e por que a economia saiu da rota

2016. In the recent past liberals (1990-2002) as well as developmentalists (2003-2014) failed in overcoming the quasi-stagnation that defines the Brazilian economy since 1980. New developmentalism offers a short and a long-term alternative. (Large essay in Folha de S.Paulo)

Remando contra a maré: novo desenvolvimentismo e interesse nacional

2016. Long interview of Bresser-Pereira to Alvaro Comin e Paulo Todescan Mattos for Plural, publication from USP's graduate program in sociology.

Retenção cambial alíquota zero

2016. The crisis made the exchange rate right. Now is the momement to adopt an “exchange rate retention, which neutralizes the Dutch disease, so blocking the tendency to the overvaluation of the exchange rate existing in developing countries. (Op ed: Valor)

É preciso criar metas de poupança e investimento públicos

2016. Just austerity proved not to be able to bring back private investment and growth. It is necessary to have as basic fiscal metric public savings, control current public expenditures, and increase public investment. (Op ed, Folha de S.Paulo)

Reindustrialização como projeto nacional

2015. In order to re-industrialize Brazil requires a competitive exchange rate, a low level interest rate, and fiscal responsibility. In addition, industrial policy. (small article, Le Monde Diplomatique – Brasil)

State-society cycles and political pacts in a national-dependent society: Brazil

2015. Brazil is a national-dependent society. The three cycles of its independent history were, successively, “State and Territorial Integration”, “Nation and Development” and “Democracy and Social Justice”. Portuguese version available. (Paper, Latin America Research Review)

Indústria e juros altos

2015. Entrevista sobre a recessão de 2015. Juros altos e câmbio apreciado. (Video para Dukascopy TV)

Brazil's 35 years-old quasi-stagnation: facts and theory

2015. Texto para Discussão 399. The Brazilian economy is quasi stagnant from 1990, because since the 1980s it dos not have public savings to finance public investments, and because, since 1990, it is caught in a high interest rate-overvalued currency trap that makes the competent industrial firms not competitive and unable to invest. (Discussion paper). More actualized version available.

Saída está no câmbio e na taxa de juros

2015. The way out of the quasi-stagnation since the Real Plan is overcome the high interest rate – overvalued currency trap. (Interview to Jornal da Paraíba)

Vícios e virtudes

2015. A summary of A Construção Política do Brazil. The three state-society cycles in the history of Brazil since Independence. The recent class coalitions or political pacts. (Article: O Estado de S.Paulo, Aliás )