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Authors: Ricardo Barboza, Samuel Pessoa, Eduardo Pontual and Fábio Roitman.

This paper discusses what we have learned about the Brazilian Development Bank (BNDES), one of the largest development banks in the world, based on the available empirical evidence.

Uncertainty about the Brazilian economy in 2017 has increased in recent weeks. This is partly a result of Donald Trump’s victory in the US elections and doubts about the future of American economic policy. The external scenario is expected to become less favorable for emerging countries in the future, with higher interest rates, impacts on the exchange rate and inflation, and possibly…

Elasticity of substitution and social conflict: a structuralist note on Piketty’s Capital in the 21st Century