Towards a stronger, cleaner and fairer world economy

As a region with strong trade, investment, migration and financial links with the rest of the world, Latin America has not escaped the global crisis and its GDP is expected to contract between 1.5% and 2% in 2009, according to the OECD Secretary-General.

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• Hacía una economía mundial más fuerte, más limpia y más justa

Seminar: Growth performance and sustainability in the enhanced engagement countries

The Economics Department organised a seminar on 24 September 2009 to bridge this gap in the policy debate by identifying potential sources of growth in Brazil, China, India, Indonesia and South Africa, as well as policy challenges for sustaining long-term growth in these countries.

The bank lending channel of monetary transmission in Brazil: A VECM approach

This paper tests for the existence of a bank lending channel in the transmission of monetary policy in Brazil using monthly aggregate data for the period 1995:12 through 2008:6.

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• Economic Survey of Brazil 2009

The effectiveness of education and health spending among Brazilian municipalities

This paper uses a large dataset combining census, household survey and budgetary data for nearly 4 000 Brazilian municipalities to estimate the impact of government spending on education and health outcomes.

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• Economic Survey of Brazil 2009

Recent reforms strengthening Brazil’s resilience to economic crisis, says OECD’s Gurría

Brazil is resisting the global downturn better than many other countries thanks to sound policies developed over recent years and an improved balance of payments, said Angel Gurría, Secretary-General of the OECD.

OECD Economic Survey of Brazil 2009

The OECD’s latest economic survey of Brazil, to be published on Tuesday 14 July 2009, looks at the challenges the country faces as it recovers from the global downturn. It also discusses the reforms needed to reinforce long-term growth and raise living standards.

Price and volume elasticities of Brazilian foreign trade: A profit function approach

To investigate the possible impact of terms of trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008.

Current account sustainability in Brazil: A non linear approach

To shed further light on this issue in the context of emerging market economies, this paper uses Brazilian data to estimate the determinants of the current account in a smooth transition vector autoregressive (ST VAR) setting.

Economic Policy Reforms: Going for Growth 2011: Country Notes

Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.

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• Economic Policy Reforms: Going for Growth Homepage
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Do Latin American central bankers behave non linearly? The experiences of Brazil, Chile, Colombia and Mexico

This paper estimates unrestricted monetary reaction functions for four Latin American countries (Brazil, Chile, Colombia and Mexico) and tests for the presence of non linear effects in central bank behaviour.