We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...

We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...

This article uses a Vector Error Correction Model (VECM) framework to study exchange rate pass-through to producer and consumer prices in Brasil. We identify two long-run and one short-run relations in data. We calculate the impulse-response function of domestic prices to exchange rate shock....

This paper investigates the presence of non-linear mechanisms of the pass- through from exchange rate to inflation in Brazil. In particular, it estimates a Phillips curve with a threshold for the passthrough. The paper examines whether the short-run magnitude of the pass-through is affected by...

Inflation targeting and price-making in monetary economies: is it possible to conciliate growth with price stability? - Recently a number of countries have adopted explicit inflation targets as a guide for policy since a numerical target is attractive for anchoring inflation expectations....

Monetary policy, inflation and economic growth: the influence of the monetary authority?s reputation upon the economy The following paper aims to show that, although a monetary policy, which merely seeks to control inflation through an interest rate rule (under inflation targeting), may reach...

Brazil has constitutionally adopted a National Health System (SUS) since 1988. SUS is designed so that central government, states and municipalities together offer public, free for all, full health coverage. The complexity and territorial arrangement of SUS have been developed in such a way that...

This paper estimates the relative technical efficiency of Brazilian municipalities in the public education using the DEA model along with tobit regressions with the aid of re sampling methods. The jackstrap method enabled the estimation of robust efficiency scores, while the bootstrap allowed...

A produção de leite exerce papel de destaque no agronegócio brasileiro. No ano de 2012, a produção brasileira representou 5,16% do total mundial, colocando o país como o quarto maior produtor de leite. Em termos de valor bruto da produção, somente o segmento produtivo gerou US$ 14,4...

In this article, we analyze the efficiency of Brazilian local legislative branches using the nonparametric estimator FDH (Free Disposal Hull). At the regional level, the results show high concentration of local legislative branches in the south. In addition, among the inefficient local...