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Explaining the appreciation of the Brazilian real by Annabelle Mourougane published by OECD. “This paper seeks to identify factors explaining the appreciation of the Brazilian real observed since 2003, which was temporarily interrupted only during episodes of finantial turbulence….

Promoting infrastructure development in Brazil by Annabelle Mourougane and Mauro Pisu published by OECD. “After more than three decades of underinvestiment, Brazil’s infrastructure investment needs are sizeable in almost all sectors. Public infrastructure spending has been growing at an…

Refining macroeconomic policies to sustain growth in Brazil by Annabelle Mourougane published by OECD. “This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in a new environment in which population will age…