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Brazil is facing its worst crisis in 70 years. Its economy is mired deep in a recession that will last at least until 2017. The political scene is in disarray, with a president who was re-elected just a year ago now chastened by approval ratings in the single digits. No opposition leader or party is considered a viable replacement for the Workers’ Party, which has ...
Carlos Eduardo Lins da Silva
The US Federal Reserve Board has finally made up its mind and will probably tighten monetary policy in the United States before the end of 2015. Will this be real monetary tightening or just a gradual retreat from the previous easy credit approach?
This report argues that the Fed still has too much faith in Keynesian the...
Professor Enrico Colombatto