The traditional economic theory suggests that changes in the money supply or in the interest rates can influence the business cycle, but not the long-run potential output. In other words, monetary policy is neutral over the long-run. In this paper we use some new developments in econometrics to...

The article presents evidence on credibility gains from the adoption of Inflation Targeting (IT), for a set of developed and emerging markets. We carry out our analysis for Brazil, Mexico, Sweden and the UK, and ask whether the adoption of this monetary framework strengths monetary policy...

Following a dramatic breakdown of a managed floating regime, Brazil adopted a framework for policy consisting of inflation targeting and floating exchange rates. The country's commitment to this arrangement, however, is often put to dispute. In this paper we revisit the issue of whether Brazil...

We investigate the determinants of juvenile crime among street children and teenagers in the Minas Gerais state (Brazil). Our dataset consists of 3.028 questionnaires applied to children and teenagers found on the streets of the 21 largest cities in the state. We have estimated a Logit model,...