Primary Positions:
Full Professor, Sao Paulo School of Economics - FGV, 2022 - present.
Associate Professor, Sao Paulo School of Economics - FGV, 2009 - 2022.
Secretary for Macroeconomic Policies, Ministery of Economy, Brazil. 2019-2020.
Deputy Dean, Sao Paulo School of Economics - FGV, 2014 - 2018.
Director of Graduate Studies, Sao Paulo School of Economics - FGV, 2012 - 2014.
Assistent Professor, Sao Paulo School of Economics - FGV, 2005-2009
Other academic activities:
Editor of EconomiA (Elsevier), 2012 - 2019.
Awarded Research Grant from CNPq-Brazil, 2009-2012; 2012-2015; 2015-2019; 2019-2022.
Visiting Scholar - Harvard Univertisy, Department of Economics, 2007-2008.
Referee Reports for: Econometrica, Journal of Development Economics, European Economic Review, Journal of Economic Growth, Journal of Money Credit and Banking, Macroeconomic Dynamics, Journal of International Money and Finance, Oxford Economic Papers, Economics of Education Review, Berkeley Journals of Macroeconomics, Applied Economics, Journal of Applied Economics, Environment and Development Economics, Economic Modelling, Journal of Economic Studies, EconomiA, Brazilian Review of Econometrics, Brazilian Review of Economics, Brazilian Journal of Political Economy, Estudos Econômicos, Brazilian Journal of Applied Economics, Brazilian Finance Review, Econômica, Análise Econômica.
Co-organizer of the Sao Paulo School of Economics Conference Series: 2009, 2011, 2012, 2013
Fields of Interest:
Economic Growth, Macroeconomics
Education:
Harvard University, Department of Economics, Post-Doctorate in Economics, 2007-2008.
University of Brasilia, Brazil, Dr in Economics, 2003-2004.
University of Brasilia, Brazil, Ms in Economics, 2001-2003.
Federal University of Ceara, Brazil, Bs in Economics, 1995-2000.
Google Scholar Citation Profile
Working Papers:
The Role of Resource Misallocation in Structural Change (with Rafael Vasconcelos). Revise and Resubmit The B. E. Journal of Macroeconomics
Inflation Targeting Mattered: A Multivariate Synthetic Control Approach (with Ricardo Brito and Robinson Kudamatsu) Revise and Resubmit Oxford Economic Papers
Bank Capital Structure and Productivity Growth (with Luis Araújo and Maurício Alves)
Consequences of Fiscal Risk to Optimal Monetary Policy (with Otávio Teixeira). Revise and Resubmit Journal of Money, Credit and Banking
Publications:
Selected Publications:
Mathematical Modeling and Investigation on the Role of Demography and Contact Patterns in Social Distancing Measures Effectiveness in COVID-19 Dissemination (with Marco Ridenti, Lara K. Teles and Alexandre Maranhão). 2022. Mathematical Medicine and Biology [pdf]
The effects of high banking spreads in an informal economy (with Giovanni Merlin). Macroeconomic Dynamics, 25(2), 2021. (lead article). [pdf]
Household borrowing constraints and monetary policy in emerging economies (with Gustavo Arruda and Daniela Lima). The B. E. Journal of Macroeconomics: Contributions, v. 20, p. 1-21, 2020. [pdf]
A Time-Varying Markov-Switching Model for Economic Growth. (with Bruno Morier). Macroeconomic Dynamics, 20 (6), 1550-1580, 2016. [pdf] [codes and data].
A Test for Hysteresis in International Trade (with Ricardo Denadai) Review of Development Economics, v. 20, p. 583-598, 2016. [pdf]
Public Debt and the Limits of Fiscal Policy to Increase Economic Growth (with Caio Mussolini). European Economic Review, v.66, p.1-15, 2014 (lead article). [pdf]
Taylor Principle and Inflation Stability in Emerging Market Countries. (with Marta Zaidan) Journal of Development Economics, v. 91, p. 180-183, 2010. [pdf]
Fundamentals or Market Sentiment: What Causes Country Risk?. (with Maria Carolina Leme) Applied Economics, v. 42, p. 2577-2585, 2010 [pdf]
Monetary Policy and Country Risk. (with Joaquim Andrade) Applied Economics, v. 40, p. 2017-2024, 2008. [pdf]
Tourism and Poverty Relief. (with Adam Blake, Jorge Arbache, and Thea Sinclair) Annals of Tourism Research, v. 35, p. 107-126, 2008. [pdf]
An Empirical Model of the Brazilian Country Risk - An Extension of the Beta Country Risk Model. (with Joaquim Andrade) Applied Economics, v. 38, p. 1271-1278, 2006. [pdf]
Other Articles in Refereed Journals:
Fiscal Multipliers in Bad Times: Does the Nature of a Recession Matter? (with Nicolas Borsoi) Brazilian Review of Econometrics, 2020.
Crédito e Desemprego no Brasil: 2002 a 2015. (with José Coelho Matos Filho) Pesquisa e Planejamento Econômico. 2020.
Environmental Protection and Economic Growth (with Ronaldo Arraes) Análise Econômica, 2019.
A Política Fiscal Expancionista que Contrai! (with Celso Costa Jr and Amanda Fantinatti) Análise Econômica, 2019.
Investment-Specific Technological Change and the Brazilian Macroeconomy (with Celso Costa Jr and Rafael Rosa) Brazilian Review of Econometrics, 2015 [working paper version].
Political Institutions as Substitute for Democracy: A Political Economy Analysis of Economic Growth (with Carlos Pereira) Brazilian Review of Econometrics, (lead article). 2013 [working paper version]
Política Monetária em Tempos de Crise (with Diogo P. Mendonça) Revista Brasileira de Economia, v. 67, n 4, (lead article). 2013. [pdf]
A Taxa Natural de Juros no Brasil (with Alessandra Ribeiro) EconomiA, 2013 [pdf].
Ciclos Reais e Política Fiscal no Brasil. (with Caio Mussolini) Estudos Econômicos, v.42, n.1, p.75-96, jan-mar 2012. [pdf]
Infrastructure and Productivity in Latin America: Is there a Relationship in the Long-Run?. (with Caio Mussolini) Journal of Economic Studies, v.39, n.1, pp.44-62, 2012. [pdf]
Human Capital and Innovation: Evidence from Panel Cointegration Tests. (with Renato Joiozo) Applied Economics Letters, v.18, n.17, 2011. [pdf]
Crime and Punishment with Habit Formation. (with Joaquim Andrade) Theoretical Economics Letters, v.1, n.3, 2011. [pdf]
A Política Monetária Brasileira sob o Regime de Metas de Inflação. (with Christian Balbino and Ernesto Colla) Revista Brasileira de Economia, v.65, n.2., 2011. [pdf]
Infra-estrutura e produtividade no Brasil. (with Caio Mussolini) Brazilian Journal of Political Economy, v. 30, p. 645-662, 2010. [pdf]
On the Purchasing Power Parity for Latin American Countries. with José Ângelo Divino and Joaquim Andrade) Journal of Applied Economics, v. XII, p. 33-54, 2009.[working paper version]
Public Debt Cyclicality and Long-Run Growth. (with Milene Takasago and Fernando Soares) Análise Econômica. v. 27, n.51, p. 179-185, 2009. [pdf]
Public Investment in Basic Education and Economic Growth. (with Joaquim Andrade) Journal of Economic Studies, v. 35, p. 352-364, 2008. [pdf]
Convergência regional brasileira revisitada. (with Pedro Jucá Maciel and Joaquim Andrade) Pesquisa e Planejamento Econômico, v. 38, p. 37-65, 2008. [pdf]
Institutional Quality and Endogenous Economic Growth. Journal of Economic Studies, v. 34, n. 1, p. 29-41, 2007. [pdf]
Política Monetária e Ciclos Regionais no Brasil: Uma Investigação das Condições para uma Área Monetária Ótima (with Mauro Miranda). Estudos Econômicos, v. 36, n. 2, p. 263-291, 2006. [pdf]
Reformas Tributária e Previdenciária e a Economia Brasileira no Longo Prazo (with Joaquim Andrade) Revista Brasileira de Economia, v. 60, n. 1, p. 87-107, 2006. [pdf]
O Regime de Metas de Inflação do Brasil é Crível?. (with Joana Nemoto) Revista Brasileira de Economia, v. 59, n. 3, p. 483-505, 2005. [pdf]
Choques Cambiais, Política Monetária e Equilíbrio Externo da Economia Brasileira em um Ambiente de Hysteresis. Brazilian Journal of Applied Economics, v. 9, n. 3, p. 415-426, 2005. [pdf]
Ciclos Econômicos e Métodos de Filtragem: Fatos Estilizados para o Caso Brasileiro (with Paulo Springer, Michel Gomes, Nelson Paes and André Cavalcanti). EconomiA, ANPEC, v. 6, n. 2, p. 291-328, 2005. [pdf]
The Role of Human Capital in Economic Growth. Applied Economics Letters, 15 July, v. 12, n. 9, p. 583-587, 2005. [pdf]
The Effects of Macroeconomic Policies on Crime. Economics Bulletin, v. 11, p. 1-9, 2004. [pdf]
Efeitos do Capital Social e do Capital Político no Desenvolvimento Econômico: Simulações para Países e Estados Brasileiros (with Ronaldo Arraes and Ricardo Barreto). Análise Econômica, 2004. [pdf]
Qualidade Institucional, Desigualdade de Renda e Desenvolvimento Econômico. (with Ronaldo Arraes) Estudos Econômicos, v. 33, 2003. [abstract]
The Political Economy of Rural Credit: The Case of Brazil. (with Ronaldo Arraes) Brazilian Journal of Business Economics, v. 2, 2002.
An Empirical Test on Economic Growth Path: Developing versus Developed Countries. (with Ronaldo Arraes) Revista de Gestão e Economia, p. 18-30, 2002.
Institucionalizando a Pobreza das Nações: Uma Investigação Empírica a Partir de Dados em Painel. (with Ronaldo Arraes) Revista Econômica do Nordeste, v. 32, 2001.[pdf]
Política Fiscal e Crescimento Econômico: Aspectos Teóricos e Evidências Empíricas para as Regiões Brasileiras. (with Ronaldo Arraes) Revista Econômica do Nordeste, v. 32, 2001. [pdf]
Endogeneidade versus Exogeneidade do Crescimento Econômico: Uma Análise Comparativa entre Nordeste, Brasil, e Países Selecionados. (with Ronaldo Arraes) Revista Econômica do Nordeste, v. 31, 2000. [pdf]
Qualidade Institucional e Crescimento Econômico. (with Ronaldo Arraes) Revista Econômica do Nordeste, v. 31, 2000.[pdf]
Trajetória Recente da Inadimplência Rural: Nordeste versus Brasil. (with Ronaldo Arraes) Revista Econômica do Nordeste, v. 30, p. 402-418, 1999.[pdf]
Book Chapters:
A Brief History of Brazil´s Growth. (with Eliana Cardoso) In: Luiz de Mello. (Org.). Growth and Susteinability in Brazil, China, India, Indonesia and South Africa: OECD, p. 19-50, 2010. [abstract] [working paper version].
A Matriz de Contabilidade Social do Brasil e o Setor de Turismo. (with Jorge Arbache, Milene Takasago, Nelson Silva and Samir Cury) In: ANDRADE, J; DIVINO, J.; MOLLO, M.; TAKASAGO, M.. (Org.). A Economia do Turismo no Brasil. Brasília-DF: SENAC, p. 15-38, 2008.
Indicadores para Acompanhamento e Avaliação do Turismo no Brasil. (with Aquiles Farias, José Ângelo Divino and Milene Takasago) In: ANDRADE, J.; DIVINO, J.; MOLLO, M.; TAKASAGO, M.. (Org.). A Economia do Turismo no Brasil. Brasília: SENAC, p. 107-162, 2008.
Infra-Estrutura, Capital Humano e Crescimento Setorial: Uma Análise para o Brasil. (with Ronaldo Arraes) In: ROSA, A.L.T; KHAN, A.S.. (Org.). NORDESTE: Reflexões sobre Aspectos Setoriais e Locais de uma Economia, 2002.
Alocação das Despesas Públicas e Crescimento Econômico: A Trajetória Recente do Estado do Ceará. (with Pichai Chumvichitra) In: AMARAL FILHO, J.. (Org.). Federalismo Fiscal e Transformações Recentes no Ceará, 2000.