ALL TEXTS ON BRAZILIAN ECONOMY

2009. Tied to the neoliberal principles of financial liberalization, our government passively watches the return of the exchange rate overvaluation. (Article: Folha de S.Paulo).

2009. While the stocket market returns to euphony, government is helpless in relation to the real returning to overappreciate, while . (Article: Folha de S.Paulo).

2009. Because this policy goes against the neoliberal fundamentalist principles that the economists learned in their schools. (Article: Folha de S.Paulo).

2009. Porque essa política vai contra os princípios fundamentalistas neoliberais aprendidos pelos economistas nas suas escolas (Article: Folha de S.Paulo).

2009. Surge a ideia dessa estranha e perversa aliança entre grandes rentistas e a classe média de pequenos poupadores (Article: Folha de S.Paulo).

2009. We are now faced with the idea of this strange and perverse alliance between major rent-seekers and the middle class of small savers. (Article: Folha de S.Paulo).

2009. The present crisis is also a moral crisis. It is a consequence of the neoliberal ideology and of the orthodox economic theory. Both teach the "invisible hand" thesis and reject the existence of the public interest. (Article: O Estado de S.Paulo)

2008. Se os bancos continuarem a ser socorridos sem serem nacionalizados, não haverá a reestruturação necessária (Article: Folha de S.Paulo).

2008. As the market resolved the exchange rate overvaluation and the reduction of the interest rate may be done without risking inflation, Brazil faces a golden opportunityto escape from its monetary trap.(Article: Folha de S.Paulo).

2008. A agência que substituir o FMI deverá alertar os países que ultrapassarem o limite de déficit em conta corrente (Article: Folha de S.Paulo).

2008. In order to transform the "pre-sal" in wealth, not in curse, it will be necessary to neutralize the embodied Dutch disease. (Debate: Folha de S.Paulo).

2008. With Nelson Marconi. In Brazil the Dutch disease is not as serious as in oil countries, but it is sufficiently serious to cause gradual deindustrialization. Paper in edited book. (Paper in Doença Holandesa e Indústria)

2008. Lula's new industrial policy is welcomed, but it dos not replace a non-competitive exchange rate.(Article: Folha de S.Paulo)

2009. With Cleomar Gomes. The paper claimsthat inflation targeting policy was adopted in Brazil before the interest rate trap was faced and solved. This was a mistake because inflation targeting is good to manage monetary policy, not to change the monetary regime as it was in 1999 and still is necessary in Brazil. (Paper in edited book). English version available.

2008. It seems that Lula is understanding that the present exchange rate represents a real danger for the country. (Article: Folha de S.Paulo)

2008. Only the control of capital inflows will make the exchange rate again competitive. (Interview to Luciana Xavier, O Estado de S.Paulo)

2008. The manufacturing industry is growing while it is prematurely desindustrializing due to moderate but not neutralized Dutch disease. (Article: Folha de S.Paulo).

2008. With Eli Diniz. Brazilian industrial entrepreneurs associated with the state bureaucracy were dominant from 1930 to late 1980s. Now, they may be returning to power. At least they are better prepared for that. (Paper to be published)

2008. The present financial crisis is probably the worst since 1929 because it adds a banking crisis to a long term current account deficit in the US that reduced trust in the dollar. (Article: Folha de S.Paulo 11.2.08).