The present article develops a post-keynesian macrodynamic model in which the growth rate of real income is an endogenous variable in order to analyze the effects of capital controls over macroeconomic performance of emergent economies. For such we start from the models developed by Oreiro...

The central purpose of this study is to assess the performance of the inflation targeting regime adopted in Brazil, in a context of high exchange rate volatility, as well as high public debt. In order to accomplish this, a Vector Autoregressive methodology was used. The results suggest that: i)...