Portuguese Abstract: No livro “Economia Brasileira Contemporânea” Lavínia Barros de Castro afirma que o Plano Collor “recebeu críticas de todas as partes”, que o “bloqueio dos recursos foi considerado uma inadmissível intervenção estatal”, e que o congelamento de preços, o...

This article analyses the working of the gold standard, pointing out the inconsistencies of the traditional view, based on Hume’s specie flow-price mechanism, which ignores Adam Smith’s “law of reflux”, and the properties of a commodity-money regime. Avoiding the aprioristic and...

Portuguese Abstract: Depois de reduzir as taxas inflacionárias e compor um lastro em reservas cambiais para dar segurança às movimentações do comércio exterior brasileiro, em termos macroeconômicos, a redução da taxa de juros SELIC é a mais importante aquisição recente da economia...

This paper discusses central banking and the operation of monetary policy from a post-Keynesian perspective. It examines some current propositions concerning the conduct of monetary policy - such as inflation targets, contingent rules, and central bank independence - under the assumption that...

The purpose of this paper is to examine effects of Brazilian "Plano Real" on credit during the initial years of implementation, and the profile of the borrower during this period. After the adoption of the Plano Real, there was an increase in the duration of contracts, from a maximum of 3 months...