Thermoeconomic analysis: A criterion for the selection of cogeneration systems

The economical viability of three cogeneration schemes as supplying alternatives for a hypothetical industrial process has been studied. A cost appropriation method based on Valero's studies (1986) has been used. This method enables the determination of exergetic flows, the Second Law efficiency of equipment and the monetary costs of the products acquired by the industrial process (steam and electrical energy). The criterion adopted for the selection is the global cost of the supplied products to the industrial process as regarding in Brazilian conditions.

A crise do desenvolvimento brasileiro: dívida externa, condicionalidades e as relações com o Fundo Monetário Internacional e Banco Mundial (1974-1987)

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

O regime de metas de inflação: fundamentação teórica e abordagem empírica para o Brasil

Pós-graduação em Economia - FCLAR

Implementing inflation targeting in Brazil: an institutional analysis

The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and, thus, an institutional stance. It is Post-Keynesian as long as it does not perceive any benefit in the mainstream split between monetary and fiscal policies. And it is institutional insofar as it assumes that there are several ways of implementing a policy, such that the chosen one is determined by historical factors, as it is illustrated by the Brazilian case. One could even support IT policies if their targets were seen just as “focusing devices” guiding economic policy, notwithstanding other targets, as, in the short run, output growth and employment and, in the long run, technology and human development. Nevertheless, an IT is not necessary, although it can be admitted, mainly if the target is hidden from the public, in order to increase the flexibility of the Central Bank.

Interaction between fiscal and monetary policy in a dynamic nonlinear model

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)