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Despedalar repedalando? por Márcio Garcia e José R. Afonso publicado no Valor Econômico (01/2016). “As pedaladas foram artifícios para evitar que gastos fossem devidamente computados nas contas públicas quando assumidos, com objetivo de mascarar o verdadeiro resultado fiscal…No regime…

The limits of Brazil’s FX intervention programme by Márcio Garcia published by Financial Times (8/2014) “Last year’s taper tantrum caused massive turbulence in global markets. Risky assets suffered greatly and many emerging markets currencies depreciated heavily, including the Brazilian…

Treasury loans to the BNDES: Cornucopia? by Márcio G. P. Garcia. “The authors recognize that part of the investments financed by the BNDES would have been financed by other sources, if the subsidized financing had not existed. Therefore, it…

The financial system and the brazilian economy during the great crisis of 2008 by Márcio G. P. Garcia. “The Brazilian economy and financial system came through the international crisis of 2008 relatively unscathed. With regard to the financial sector,…

Perspectivas para a economia brasileira face as incertezas do cenário externo – palestra de Márcio Garcia. Evolução recente dos principais indicadores econômicos; Europa; China, Produção Industrial…foram alguns dos pontos abordados na apresentação. http://bit.ly/nzXrga