international economies, the U.S. and Brazil. We depart from the conventional method of VAR analysis to estimate unanticipated … a linear Taylor rule with the inclusion of a dummy variable best describes the reaction of the Central Bank of Brazil …

sugarcane ethanol in Brazil. It will also include a historical and institutional background on the biofuel industry in Brazil … studies that apply regional and global economic models to examine the effects of biofuel policies in the US, EU and Brazil on … emissions in the US and Brazil, and ultimately provide a comprehensive background to understand the state of biofuel in the …