Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano

Inflation target, real exchange rate and external crisis in a Kaleckian model. Which role should the real exchange rate play in an inflation target regime? In this paper this point is discussed from the point of view of the conditions required for avoiding an external crisis. With this objective, a dynamic Kaleckian model is presented focusing on the stability of the external debt to capital ratio. The main conclusion is that policy makers should monitor closely the evolution of the real exchange rate in order to make compatible the inflation target regime with external stability.

Trajetórias e interesses: os EUA e as finanças globalizadas num contexto de crise e transição

This paper aims to analyze the elements of continuity and discontinuity in American foreign policy from the nineties. In this regard, it emphasizes the importance of financial issues within the scope of the U.S. government strategies for foreign integration and tries to analyze comparatively the Republicans and Democrats government of the period, ending with some prospective questions concerning the Democratic government of President Obama in the context of international economic crisis.

Política fiscal anticíclica, crise financeira internacional e crescimento econômico no Brasil

This study analyzes the long run equilibrium relationship and causality between economic growth and public expenditure in Brazil covering the period 1980-2008. The empirical results of the Granger causality test in a multivariate framework have shown up the importance of public investments not only to face the adverse effects of the international financial crisis, but also in stimulating the economic growth. Also, the results indicate the need of controlling the growing path of other current expenditure, social security and public debt.

A (im)previsibilidade da crise e o pluralismo da Economia

The (un)predictability of the crisis and the pluralism in Economics. This paper discusses the predictability of the last global economic crisis relating it to the lack of pluralism in Economics. In order to do so, first is presented a literature review of the development of economic theory in recent years. Then the two main views on the predictability of the crisis are presented: (1) the economic models used to understand the economy did not incorporate bubbles so, the crisis was unpredictable; and (2) the crisis was predictable when applied other methods of understanding the economy.

Revelações da crise: moeda fiduciária e as relações Tesouro/Banco Central

The current crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat currency and government bonds denominated in it or, in other words, the relationship between Treasury and Central Bank. Two ill-conceived views of the "new consensus" on money that had turned into taboos were put in evidence. The first, derived from the quantitative theory, concerns the rejection of unsterilized monetary expansion; the second, directly related to the neoliberal ideology, prohibits or imposes strict limits on the role of central banks in the financing of public debts.

A crise do sistema financeiro globalizado contemporâneo

The paper analyses the development of the contemporary global financial system as a consequence of markets as well as States strategies. This global financial system based on the flexible dollar has generated many financial bubbles since it started in the 80s, of which the 2008 crisis is the latest and the largest, particularly because it affected the main banks in the core market of the system, the U.S. On the last decades, banks had changed their business strategies from traditional lending activities towards more speculative investments, similar to what hedge funds do.

Crise global, mudanças geopolíticas e inserção do Brasil

This paper has as its purpose to analyze the insertion of Brazil in the international economic order, considering the fundaments of the world power, the global crisis, the geopolitical changes and their consequences on the global order. The text attempts to present the advantages and structural challenges for an adequate international insertion of technology are the key elements in a process of economic and social innovation whose goals are to build a richer society, more just and compassionate, and environmentally sustainable.

Crise e industrialização no Brasil entre 1929 e 1954: a reconstrução do Estado Nacionale a política nacional de desenvolvimento

RESUMOO texto analisa os principais efeitos decorrentes da política econômica de defesa do café e do extraordinário esforço de industrialização desencadeado pelo Estado Nacional entre 1929 e 1954. Distingue o desenvolvimentismo do I e II governo Vargas (30-45 e 51-54), contrapondo-o à frustrada tentativa de retorno liberal de Dutra (46-50). Destaca o importante esforço de reconstrução do Estado e da introdução de instrumentos de controle da política econômica nacional, materializados pelo extraordinário trabalho da Assessoria Econômica da Presidência (51-54), criada por Vargas, onde pontificaram nomes de grandes brasileiros como Rômulo de Almeida, Ignácio Angel, Jesus Soares Pereira, Cleanto Paiva Leite e Tomás P. Acioli Borges, verdadeiros artífices de nossos principais projetos e planos de desenvolvimento de então.

A violência escolar e a crise da autoridade docente

O presente artigo discute a relação entre os conceitos de violência e autoridade no contexto escolar e, particularmente, na relação professor-aluno. Para tanto, contrapõe uma leitura de cunho institucional da violência escolar às abordagens clássicas da temática, demonstrando a tese de que há um quantum de violência "produtiva" embutido na ação pedagógica.