WORKING PAPERS

2006 (Texto para Discussão)

2006. Texto para Discussão.

2006. Texto para Discussão.

2005. Com Paulo Gala. Texto para Discussão.

2005. Economic growth is the outcome of a national strategy of development. The characteristics and main tensions involved in these national strategies discussed. Texto para Discussão que originou "Estratégia nacinal de desenvolvimento" e "National development strategy: the key institution"..

2004. Texto para Discussão.

1996. Texto para Discussão com Gilberto Tadeu Lima.

1994. Paper com Yoshiaki Nakano (Texto para Discussão)

1993. After the dependency interpretation of Latin America, now two competing interpretations are present: the neoliberal Washington Consensus and what I propose: the fiscal crisis of the state approach. Portuguese and French versions available. This paper is a preliminary version of my chapter in Economic Reforms in New Democracies (1993). The "fiscal crisis approach" anticipates the 2003 "new developmentalism". (Paper: Instituto Norte-Sul Discussion Paper)

1992. Texto para Discussão

1989. Texto para Discussão.

1991. Based on research conducted in 1970 and repeated in 1990, this paper shows that, in 'abnormal times', when the interest rate is abnormally high, business enterprises' decisions on investment take into consideration the interest rate more attentively than they do in normal times. (Paper presented to LASA meeting)

1989 (Texto para Discussão) There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation.

1970. Adopting a classical perspective, this paper argues that variations in the expected profit rate and the corresponding shifts of the marginal efficiency of capital curve are more important in explaining investments than variations in the interest rate. I further developed this analysis in "Acumulação de capital, lucros e juros". (Paper: Texto para Discussão)