When it comes to fiscal policy, it’s better to save for a rainy day than to let it pour

  While pro-cyclical fiscal policies – ie. expansionary fiscal policies in booms and contractionary fiscal stances in downturns – remain a common feature among developing countries, some countries have recently…

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Read more about the article Quão dependentes de commodities são as economias latino-americanas?
People listen to an explanation of the stock chart during the Expo Money in Sao Paulo, Brazil, on September 20, 2012. The Expo Money became the largest event of financial education and investment in Latin America since 2002 and today the annual expo covers 13 Brazilian cities. AFP PHOTO/Yasuyoshi CHIBA (Photo credit should read YASUYOSHI CHIBA/AFP/GettyImages)

Quão dependentes de commodities são as economias latino-americanas?

  O fim da fase de ascensão no super-ciclo de preços de commodities após seu pico em 2011 levou a uma redução nas perspectivas de crescimento econômico na maior parte…

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Gender equality and economic growth in Brazil: A long-run analysis

This paper studies the long-run impact of policies aimed at fostering gender equality on economic growth in Brazil. The first part provides a brief review of gender issues in the country. The second part presents a gender-based, three-period OLG model that accounts for women’s time allocation between market work, child rearing, human capital accumulation, and home production. Bargaining between spouses depends on relative human capital stocks, and thus indirectly on access to infrastructure. The model is calibrated and various experiments are conducted, including investment in infrastructure, a reduction in gender bias in the market place, and a composite pro-growth, pro-gender reform program. The analysis showed that fostering gender equality, which may partly depend on the externalities that infrastructure creates in terms of women’s time allocation and bargaining power, may have a substantial impact on long-run growth in Brazil.

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