Investments in transportation infrastructure can impact the environment beyond their immediate surroundings. This paper builds an interregional trade model to estimate the general equilibrium effects of changes in infrastructure on deforestation. Using panel data on the evolution of the...

This paper analyzes the relation between monetary policy and economic performance in Brazil during the period 1999-2006. In particular, it discusses the growth effects of the inflation targeting regime through its effects on aggregate demand. It is argued that monetary policy under IT reacts in...