Retenção cambial alíquota zero

2016. The crisis made the exchange rate right. Now is the momement to adopt an "exchange rate retention, which neutralizes the Dutch disease, so blocking the tendency to the overvaluation of the exchange rate existing in developing countries. (Op ed: Valor)

É preciso criar metas de poupança e investimento públicos

2016. Just austerity proved not to be able to bring back private investment and growth. It is necessary to have as basic fiscal metric public savings, control current public expenditures, and increase public investment. (Op ed, Folha de S.Paulo)

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Reindustrialização como projeto nacional

2015. In order to re-industrialize Brazil requires a competitive exchange rate, a low level interest rate, and fiscal responsibility. In addition, industrial policy. (small article, Le Monde Diplomatique - Brasil)

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State-society cycles and political pacts in a national-dependent society: Brazil

2015. Brazil is a national-dependent society. The three cycles of its independent history were, successively, "State and Territorial Integration", "Nation and Development" and "Democracy and Social Justice". Portuguese version available. (Paper, Latin America Research Review)

Indústria e juros altos

2015. Entrevista sobre a recessão de 2015. Juros altos e câmbio apreciado. (Video para Dukascopy TV)

Desenvolvimento e Crise no Brasil (5a. edição)

2003. The patterns of economic development and the political pacts in Brazil from Vargas (1930) to Lula (2003). 5th revised edition almost doubling the size of the book. (Book: Editora 34). Nas livrarias.

Desenvolvimento e Crise no Brasil 1930-1967 (1a. edição, 1968)

1968. Economic, social and political development between 1930 and 1960s'. New historical facts turn inviable Vargas' national-developmentalist political pact. Sold out. (Book: This first edition is available in PDF format)

Brazil's 35 years-old quasi-stagnation: facts and theory

2015. Texto para Discussão 399. The Brazilian economy is quasi stagnant from 1990, because since the 1980s it dos not have public savings to finance public investments, and because, since 1990, it is caught in a high interest rate-overvalued currency trap that makes the competent industrial firms not competitive and unable to invest. (Discussion paper). More actualized version available.

Saída está no câmbio e na taxa de juros

2015. The way out of the quasi-stagnation since the Real Plan is overcome the high interest rate - overvalued currency trap. (Interview to Jornal da Paraíba)

Vícios e virtudes

2015. A summary of A Construção Política do Brazil. The three state-society cycles in the history of Brazil since Independence. The recent class coalitions or political pacts. (Article: O Estado de S.Paulo, Aliás )

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The macroeconomic tripod and the Workers' Party administrations

2015. Since 2003 a developmental government tried change the perverse liberal tripod, but eventually failed, as it was victim of exchange rate and fiscal populism, while the international situation deteriorated. (Paper in edited book)

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Os ricos nunca gostaram e temem a democracia

2015.. Bresser-Pereira speaks about his life, PSDB, PT, and Brazil, which lost the idea of nation. (interview to Leandro Fontoura, Zero Hora)

Desvantagem competitiva tem que terminar

2015. An long-term appreciated exchange rate represents a major competitive disadvantage. (Short interview to O Estado de S.Paulo)

Ajuste para poder governar

2015. No início de 2015 o Brasil viu-se diante de três problemas que se somavam de forma interdependente: a recessão, a crise fiscal e a grave crise política. (Nueva Sociedad)

O estranho mas inevitável ajuste

2015. Embora poucos se deem conta disto, a economia brasileira está semiestagnada há muito tempo. (Article: Valor).

Além do ajuste, um acordo político

2015. Brazil needs a social class coalition which have as economic priority an exchange rate floating around the "industrial" or competitive equilibrium. This is the only way to stop deindustrialization. (Article: Folha de S.Paulo).

O fracasso de dois populismos - o liberal e o desenvolvimentista - desde o Plano Real

2015. From the Real Plan the Brazilian economy is caught in a trap of high interests rates and overvalued currency, but the fiscal and especially the exchange rate populism on the right and on the left impede the solution of the problem. (Lecture)

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Desenvolvimentistas, liberais, e sua preferência pelo consumo imediato

2014. Liberals as well as vulgar Keynesians show a preference for immediate consumption associated with an overvalued currency. (Paper: Crítica e Sociedade)

An empirical study of the substitution of foreign for domestic savings in Brazil

2014. With Eliane Araújo e Paulo Gala. Econometric comprovation of a high rate of substituition of foreign for domestic savings. (Paper: Revista EconomiA) Portuguese version available.

Prefácio de A Desindustrialização Brasileira

2013. Prefácio do livro organizado por André Felipe Zago de Azevedo, Carmem Feijó e Daniel Arruda Coronel.