The creative and advanced technology economy in Brazil: executive summary

This document brings together in a succinct form the available data about the current state of the Creative and Advanced Technology Economy of Brazil, presents some suggestions for public policies which can contribute to the development of technological and creative activities, and also points to issues to be studied and actions to be carried out in the future.

Neutralizing the tendency to the overvaluation of the exchange rate or assuming a foreign constraint and asking for foreign savings

The objectives of these notes are two. The first objective is to analyze whether the strategy of growth with absorption of foreign savings leads to a trajectory of the economy that is sustainable in the long run. The second one is to evaluate the possibility of success of a policy of administered devaluation of the exchange rate in Brazil.

Notes on cyclical tendency to the overvaluation of the real

This note addresses the question ���To what extent financial regulation in Brazil was effective in neutralizing the tendency to the overvaluation of the exchange rate in Brazil since the 1994 Real Plan?��� Aiming at answering this question, this note is organized as follows: after this short introduction, we briefly describe the Brazilian exchange rate behavior after the Real Plan, emphasizing its key role in keeping prices stable. In section 3, the recent measures adopted by the Brazilian Central Bank (BCB) aiming at avoiding the overvaluation of real will be summarized. In section 4, we argue in favor of a new policy mix that could avoid overvaluation of the currency. Finally, some issues will be raised in order to effectively neutralize the overvaluation of real.

The 1999 Brazilian financial crisis: how to create a financial crisis by trying to avoid one

This paper attempts to understand the Brazilian financial crisis mainly from an ���endogenous-failure��� perspective. It argues that the general mechanisms that led to this financial crisis were in essence endogenous to the workings of an economy facing a sudden liberalisation, a surge in capital inflows, ineffective regulation and weak governance. This paper will also argue that within this general framework, there is a very specific ���Minskyian��� feature to the Brazilian crisis, which made it different from other financial crises both in Latin America and in East Asia: how a particularly radical monetary policy led to a major financial fragility in the financial sector and State finances, and to an unmanageable Ponzi finance in the accounts of the Federal Government.

Banking efficiency, governance and financial regulation in Brazil: some brief explorative notes

In this note I will analyze briefly some issues that I consider important in the discussion related to the banking efficiency, governance and financial regulation, with special focus on Brazil. The subject is complex as involve different dimensions and I will explore here only some of them, some related to past researches other that should be explored in further research.

Propina no caixa oficial desafia a Justi��a: juristas divergem sobre provas para comprovar dela����o; empresas envolvidas doaram mais de R$50 milh��es

Juristas divergem sobre provas para comprovar dela����o; empresas envolvidas doaram mais de R$ 50 milh��es

No dia da vota����o do impeachment de Dilma, brasileiros queriam que deputados sa��ssem junto

A pedido do EL PA��S, a equipe do Monitor de Temas, ferramenta desenvolvida pela Diretoria de An��lises de Políticas P��blicas da Funda����o Get��lio Vargas, fez um levantamento sobre a audi��ncia e os assuntos mais abordados no Dia D de Dilma. Entre o meio dia de domingo e a mesma hora da segunda-feira, levantaram quase tr��s milh��es de men����es relacionadas ao impeachment e na maioria deles, o nome do presidente da C��mara, Eduardo Cunha, se sobressa��a. Em seguida, Dilma, Temer, golpe e impeachmentday apareceram entre as maiores quantidades de publica����es.

Recursos energ��ticos distribu��dos

Esse caderno traz uma reflex��o sobre Recursos Energ��ticos Distribu��dos (RED) e sua inser����o no mercado de energia el��trica brasileiro. A gera����o distribu��da, a efici��ncia energ��tica, o gerenciamento de demanda e o armazenamento de energia comp��em esse elenco de recursos que, atuando proximamente ao uso final da energia, �� capaz de oferecer solu����es ��� tanto do lado da oferta quanto do lado da demanda ��� que contribuam para o equil��brio no atendimento energ��tico. O entendimento sobre Recursos Energ��ticos Distribu��dos no Brasil muito tem a ganhar na intera����o entre os centros de pesquisa nacionais e com pesquisadores e profissionais do exterior. Assim, agradecemos �� colabora����o recebida de diversos profissionais do Brasil e de outros pa��ses na realiza����o desse caderno. Acreditamos que as experi��ncias pesquisadas na realiza����o dessa publica����o, e agora compartilhadas com o p��blico em geral, auxiliar��o a melhor entender e desenvolver os RED no Brasil.