O objetivo do artigo é mostrar que a assimetria de informação presente na relação entre governo e produtores agropecuários pode constituir a origem dos problemas que ainda persistem na aplicação do Imposto Territorial no Brasil. Atra-vés da construção de um modelo teórico simples,...

The paper studies the relationship between exchange rate depreciations and inflation using a sample of 71 countries in the period 1980-1998. The main determinants of the extent of inflationary pass-through of the depreciations (appreciations) are the cyclical component of output, the extent of...

O objetivo deste artigo é examinar de que forma a fixação dos juros, em princípio, pode ser adaptada para levar em consideração situações de excessos de oferta de capitais externos, através do Índice de Condições Monetárias. Ao compararmos os possíveis efeitos dessa estratégia em...

This paper combines two complementary data sets to present a disaggregated spatial profile of poverty in the Brazilian Northeast, and to investigate the importance of non-agricultural activities for its rural dwellers. We present both univariate and multivariate profiles of non-agricultural...

The adoption of inflation targeting as a monetary policy strategy in Brazil was a convenient way to replace exchange rate rule by targeted inflation in an effort to anchor inflation expectations. This paper briefly evaluates the inflation target experience from three viewpoints: reasons behind...

The paper discusses the advantages and disadvantages of the full dollarization option and offers a few stylized facts and conclusions regarding the effects of full dollarization. On one hand, a full-dollarized economy delivers an impressive inflation performance and may even reduce the impact of...

This paper provides an overview of both the current structure of poverty in Brazil through a detailed poverty profile and of the aggregate dynamics of poverty in the last two decades. We then assess a number of government policies and programs which are either specifically designed to reduce...