Infrastructure and productivity in Brazil. This article analyses the relationship between infrastructure and total … factor productivity (TFP) in Brazil during the second half of the twenty century. Public capital is used as a proxy for … testing the cointegration between TFP and the public/private capital ratio. In fact, it was found that this complementary …

some empirical evidences for a demand-led growth regime in Brazil. First of all, we will do a brief review of the theory of … near of 85% of GDP growth in Brazil in the period 1991-2005 is explained by variables at the demand side of the economy …The Brazilian economy pulled by the aggregate demand. This article aims to present the demand-led growth theory and …

This paper analyzes the relation between monetary policy and economic performance in Brazil during the period 1999 …-2006. In particular, it discusses the growth effects of the inflation targeting regime through its effects on aggregate demand … aggregate demand, with negative real effects on output growth and employment. Our results suggest that monetary policy has been …