Titlebook: Political Economy of Brazil; Recent Economic Perf Philip Arestis,Alfredo Saad-Filho Book 2007 Palgrave Macmillan, a division of Macmillan P

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Disentangling Policy and Politics: Non-Fiscal Implications of the Calculation of the PSBR in Brazil,enders and investors and domestic agents. At another level, it is often claimed that lower deficits are essential for intertemporal macroeconomic stability in the country. In this context, the public sector borrowing requirement (PSBR) has become increasingly relevant.

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The Interest Rate During the Lula Government: A Research Agenda,conomy. High interest rates are allegedly used to tame inflation and/or regulate the exchange rate. However, one might argue that high interest rates induce a permanent fiscal imbalance, because of the heavy burden of the domestic public debt, and do not allow the rate of unemployment to fall, due to the restrictions imposed on demand.

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Inflation Targeting in Emerging Countries: The Case of Brazil,untries. In addition, we compare the experience of Brazil with IT and with that of non-IT countries, and ask the question of whether it makes a difference in the fight against inflation whether a country has adopted IT or not.

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Introduction,onomic performance. The period we intend to cover in the following 11 chapters in this volume focuses crucially on the first period in office of President Luiz Inacio Lula da Silva, that is, 2002, when he was elected, to October 2006, when the election took place in Brazil and the President was re-e

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,The Real Meaning of the Economic Policy of Lula’s Government,ctation that the people would start to transform Brazil into a nation became stronger. Forged from the bottom up in the difficult times of struggle against military dictatorship, starting with the movements of the workers in the ABC region in the state of S?o Paulo (the most important industrial are

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