The Political Construction of Brazil

2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

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Macroeconomia Desenvolvimentista

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)

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The perverse macroeconomics of debt, deficit and inflation in Brazil

Luiz Carlos Bresser-Pereira

In T.Fukuchi and M.Kagami, Perspectives on the Pacific Basin Economy: A Comparison of Asia and Latin America. Tóquio: Institute of Developing Economies, 1990: 153-192. Revista Brasileira de Economia 45(2), abril-junho 1991: 198-211. Trabalho apresentado ao Tokyo Symposium, patrocinado pelo Institute of Developing Economies, em Tóquio, julho 1989.


There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation.


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