We investigate the effectiveness of macroprudential tools and their interaction with monetary policy using a comprehensive cross-country database of 37 countries. For that purpose, we calculate Taylor rules and macroprudential policy indexes for each country, combining them in fixed effects and...

In this article, we analyze the effect of a set of 12 macroprudential policies on the risk-taking of banks using a large number of countries and banks. Our empirical results show that, although on average these policies reduce risk-taking, the effects are quite heterogeneous and vary...

The main objective of this paper is to estimate a Central Bank reaction function that accounts for the effects of directors' rotation of the Brazilian COPOM (Monetary Policy Committee). The reaction function proposed is assumed to be the mechanism for inflation targeting policy. It accounts for...

En este artículo se abordará el derecho fundamental a la educación de la primera infancia y sus consecuencias para los municipios, principalmente a causa de las frecuentes alegaciones de limitaciones financieras. En un primero momento examinaremos la legislación pertinente al tema....

The main objective of this paper is to estimate a Central Bank reaction function that accounts for the effects of directors’ rotation of the Brazilian COPOM (Monetary Policy Committee). The reaction function proposed is assumed to be the mechanism for inflation targeting policy. It accounts...

O artigo analisa, inicialmente, as principais crises pelas quais passa o Estado moderno, podendo-se inclusive falar em um Estado pós-moderno. Em seguida, concentramos o foco na importância das virtudes cívicas como condição de possibilidade para a existência da convivência cosmopolita e,...

The new consensus macroeconomics and some insights from a heterodox critique - This paper aims to survey the main contributions to the literature on the “new” consensus in macroeconomics in which the efforts for convergence among the distinct theories that support this approach are...