Structural innovations in multivariate dynamic systems are typically hidden and often identified by means of a-priori economic reasoning. Under multivariate Gaussian model innovations there is no loss measure available to distinguish alternative orderings of variables or, put differently,...

The Reserve Bank's operational independence, once revolutionary, is shown to now be widely accepted internationally in the fascinating story of how this small central bank took the opportunities created by the political changes of the 1980s to design a unique institutional policy framework,...

The paper aims at assessing technological regimes in the context of the Brazilian manufacturing industry along the 2000-2005 period. The industries were classified in terms of SM-I and SM-II technological regimes by means of multivariate statistical methods based on variable approximating...