The aim of this paper is to analyze, empirically, the relationship between the Central Bank’s reaction, also known as Taylor Rule, and the Brazilian public debt. The article is justified once the majority of the researches regarding the Brazilian reaction function doesn’t model the public...

The aim of this paper is to analyze the performance of inflation targeting in Brazil and the role of prices controlled by the government and prices freely defined by the supply/demand system. We argue that the Brazilian inflation targeting regime has had some drawbacks, related to the...

This work studies the gasoline market in Brazil with emphasis given to the State of São Paulo. Our first line of research investigates whether this market presents features which favor anti-competitive actions, despite being a market with several agents involved. Our empirical analysis makes...

After strong currency crisis, in January 1999, Brazil implemented flexible exchange rate regime combined with inflation targeting. Some economists believe that emerging markets do not allow the exchange rate to float as much they had announced and therefore they suffer from the fear of floating....