In this paper some elements of Keynes's theory of probability are used to understand the process of diffusion of an innovation. Based on a work done elsewhere (Crocco 1999, 2000), we argue that this process can be viewed as a process of dealing with the collective uncertainty about how to sort a...

Este trabalho considera a questão: quais os principais determinantes da desigualdade de renda no Brasil? Após lembrar a importância da questão para a nossa economia, o artigo sugere um arcabouço genérico para categorizar os determinantes da distribuição de renda, baseado em cinco grupos...

This paper contains a poverty profile for Brazil, based on 1996 data. Poverty measures and shares are presented for a wide range of population subgroups, based on household level data from the PNAD 1996, adjusted for imputed rents and spatial differences in cost of living. Robustness of the...

We review the arguments in the finance and open macroeconomics literature relevant for the Central Bank to set the level of the interest rate in an open economy. The two relevant risks are the currency and country risks. The country risk (Brazil Risk) is measured with different financials...