degree of capital mobility are considered. The model is calibrated and simulated for the case of Brazil, a country that since …

Macroeconomic policy in Latin America underwent significant changes in the late nineties. Brazil is an outstanding …

mid-1990s. Brazil's experience of designing and managing institutions to this end is likely to be of interest to other … emerging and low- or middle income economies. In Brazil institutional reforms were predominantly made in response to a … attention from economists as in Brazil. The consequent accumulation of theoretical and practical knowledge resulted in a wealth …

This article reviews the recent experience of Brazil showing that credit risk is at the centre of the mechanism through … which a central bank might lose control of inflation. Brazil during 2002 came close to a situation where fiscal policy … two variables, inflation expectations, inflation and the dynamics of the public debt. Brazil's experience could thus offer …

. The creation of the present currency in 1994 may be considered a watershed moment. Previously Brazil's was an economy … which suffered from a distinct lack of fiscal discipline. Following the introduction of the Real, Brazil's economy …