2003. A second variable, besides self-interest, is turning increasingly relevant: policymakers' incompetence. English version available. (Revista Brasileira de Economia). *

2002. The growth cum foreign savings strategy and the consequent exchange rate evaluation is the basic cause behind Cardoso administration's poor economic performance. (Revista de Economia Politica, 23(3) July 2003).*

2001. My first paper after leaving the Cardoso administration in June 1999. Incompetence and subordination to the North characterized Latin American economic policies since the early 1980s'. English version available. (Paper: Revista de Economia Política) *

1990. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. Portuguese version available.(Paper: Journal of Post Keynesian Economics).