A single variable describes, day-by-day, what investors think about the state of Brazil's economy: the Brazilian … markets' assessment of the probability that Brazil might default on its debt obligations. This is mainly because the cost of … domestic interest rates, is thus the necessary first step in order to understand macroeconomic developments in Brazil. The …

We use changes in Brazil’s tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and …. We find that an increase in Brazil’s tax on foreign investment in bonds causes investors to significantly decrease their … portfolio allocations to Brazil in both bonds and equities. Investors simultaneously increase allocations to other countries …

1980’s and 1990’s - Brazil and Colombia - we examine the response of the informal sector to liberalization. In Brazil, we …

Brazilian debt crisis, and assesses the prospects for Brazil's sovereign debt after five years of the `muddling … 1978 and 1982, Brazil's current account shifted by $13 billion towards deficits. This shift can be explained, for the most … between 1978 and 1982, $35 billion (75% of Brazil's total net debt accumulation) can be accounted for by the adverse external …

household labour income and poverty in Brazil. We first estimate the extent of price transmission from world markets to eleven …