The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during the boom. We set up an RBC model of a small open economy, following Mendoza...

One question associated with the business cycle agenda of research is to evaluate if the business cycle of different countries may present similar features despite the differences in institutions, industrial structures, public policies and growth rates that those countries may have. Backus and...

This paper tries to mesure the labour productivity in the Brazylian industry from 1990 until 2009. We do note consider the sectors one by one only, but their supply chains and intersectorial relationships. Besides, we mesure the evolution of labour productivity caused exclusively by...

This paper tries to build and to analyze the evolution of technological indexes in Brazilian chemical industry during the 1985-2009 period. Our main conclusions are the following: the petrochemical emphasis of this industry has stood by; besides there have been an important technological...

This paper tries to build and to analyze the evolution of technological indexes in Brazilian chemical industry during the 1985-2009 period. Our main conclusions are the following: the petrochemical emphasis of this industry has stood by; besides there have been an important technological...

This paper tries to mesure the labour productivity in the Brazylian industry from 1990 until 2009. We do note consider the sectors one by one only, but their supply chains and intersectorial relationships. Besides, we mesure the evolution of labour productivity caused exclusively by...