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Exchange Debate (Hiroi/Pastore)

Octávio Amorim Neto (FGV) indicate the article “Exchange Rate Regime, Central Bank independece, and political Business Cycles in Brazil”, published by Taeko Hiroi. The article shows that there are electorally induced fiscal cycles under fixed and crawling peg exchange rate regimes and electorally induced monetary cycles under floating exchange rates only when the nation’s central bank is not independent. And Affonso C. Pastore also published note about real exchange rate and economic growth in the Estadão. For Brazil maintain high growth rates needs to radically change its economic policies. See: http://corecon-rj.blogspot.com/2010/03/o-estado-de-spaulo_3583.html

http://www.allacademic.com//meta/p_mla_apa_research_citation/0/9/8/0/2/pages98029/p98029-1.php

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