A consensus has not yet emerged about the relationship between budget deficit, external deficit and national saving. According to mainstream economic literature, the budget deficit can cause an insufficiency of national saving for a given investment rate. In such cases, the investment rate will...

In this paper two hypotheses about the relationship between monetary policy and investment in the context of the inflation target system were tested. One of these hypotheses is based on the idea of neutrality of money, and the other hypothesis is based on the reject of that idea. An investment...

Este trabalho apresenta um cenário macroeconômico com detalhamento das repercussões regionais, a partir da articulação dos resultados de um modelo de consistência macroeconômica com um modelo de equilíbrio geral computável (EGC) inter-regional. O foco são as repercussões do cenário...

This article analyses the roots of the European debt crisis, which started at the end of 2009 and embraced the so called PIGS, causing a global turbulence. It studies the historical genesis of the European Monetary Union since the decade of 1970, in connection with the dynamics of the...

Financing innovation is not emphasized by neo-schumpeterian approach, despite Schumpeter (1982) himself having already emphasized the relevance of the bank system in the economic development. In this article we analyze financing innovation in Brazil through recent empirical evidence from...

This paper discusses the attempts to publish a historical-critical edition of the works of Karl Marx, the Marx-Engels Gesamtausgabe (MEGA): the first one, which was led by David Riazanov in the 1920s and 1930s, and the second one, the MEGA2 project which begun in the 1970s and is still in course...

This article shows that, to a large extent, the European sovereign debt crisis resulted from the institutional arrangement of Maastricht, as well as the policies pursued by the European leadership, formatted from the "new macroeconomic consensus" and the theory of optimal economic area. In...