Interview with Marco Tulio Molina Tejeda

Without reforms, financial markets’ optimism may crumble – and bring the house down. Judging by the reaction of financial markets, the Brazilian economy started the year at high speed. The real is among the world’s best-performing currencies so far in 2019 and the main stock market index Ibovespa hit a string of record highs leading into last week, when it broke the 97,000-point mark. Future interest rates have fallen sharply.  Foreign investors are buying in as well. The premium ...

Good connectivity within cities is an essential input for productivity and livability in cities, but the distributive impacts of improvements in within-city mobility are not well understood. This work aims at filling this gap by exploring the impacts of alternative infrastructure investments and mobility policies on economic growth, income distribution of households and internal distribution of economic activity. This paper focuses on the estimation of the impacts of transportation ...

O artigo apresenta os resultados dos efeitos sistêmicos da mudança no padrão da produtividade agrícola entre 2008 e 2015. Para isso foi utilizado um modelo de equilíbrio geral computável (EGC) com especificação detalhada do uso da terra. Tal análise representa avanços no sentido de contribuir tanto para a modelagem econômica com uso da terra quanto na investigação dos impactos econômicos sistêmicos da mudança no padrão espacial da produtividade agrícola no Brasil. Os resultados indi ...

- Emerging market economies (EMs), as a group, continue to exhibit solid growth. This is the case especially in Asia and among oil-exporters, supported by growth in the advanced economies, the recovery in world trade, and the resilience of non-oil commodity prices. - However, financial markets have become very nervous about the prospects for several EM, reflecting specific weaknesses in several countries – Argentina and Turkey stand out - and the prospect of higher international in ...

« Amérique latine, crises et sorties de crises », telle était la première des deux thématiques des 6èmes Dialogues stratégiques, organisés le 4 avril par HEC Paris (Centre de géopolitique) et OCP Policy Center. Un tableau mitigé a été dressé, avec des signes de reprise et une croissance supérieure à 2 % qui n’empêchent pas des situations de crise comme au Brésil, au Nicaragua ou au Vénézuela. Crise d’un modèle d’oligarchies anti-capitalistes Au Vénézuela, la corruption paraît si e ...

This chapter analyzes the emergence of disparities in income and development levels between Brazil’s main regions, in particular the gap that exists between the comparatively rich South and Southeast and the poorer North and West regions. Economic activity and the population are concentrated in a small part of the territory. Even within this reduced area, the geographical distribution is highly uneven. Besides concentration, regional inequalities are marked in the country in terms o ...

If I were to synthesize the current situation of the Brazilian economy in one sentence, I would say: “it is suffering from a combination of ‘productivity anemia’1 and ‘public sector obesity2’". On the one hand, the mediocre performance of productivity in Brazil in recent decades has limited its GDP growth potential. On the other, the gluttony for expanding public spending has become increasingly incompatible with such limits in the potential expansion of GDP, particularly since the ...

Latin America is up against a momentous year on multiple fronts. On one hand, game-changing national elections in six countries, including three of its largest – Brazil, Mexico and Colombia – are poised to reshape the political scenario in the region. In parallel, the economic agenda is front and center of countries’ efforts to overcome imbalances, implement reforms and accelerate growth. As a backdrop to all this, an important feminist movement is unfolding on the heels of a year m ...