The aim of this piece is to analyze some territorial determinants to the total amount of credit in a specific region. These determinants are derived from the economics conditions of the region and are observed through the liquidity preference of banks and public. Accordingly to the Post...

The central purpose of this study is to assess the performance of the inflation targeting regime adopted in Brazil, in a context of high exchange rate volatility, as well as high public debt. In order to accomplish this, a Vector Autoregressive methodology was used. The results suggest that: i)...

According to recent studies, shocks on aggregated variables are associated with unequal impacts on the economic system, affecting more some agents and sectors than others according, depending on their characteristics. Theoretically, the mechanisms that differentiate shocks’ effects on economic...

This work assesses the impact of macroeconomic cycles on poverty composition in the Brazilian economy (1987 – 2005). Specifically, it intends to find answers to three questions: first, who are the demographic groups that are most harmed in the recessive cycles; second, if economic growth in...