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Pedro em Vanderbilt

Leia a entrevista toda clicando no trecho abaixo que, aliás, é uma bela inspiração para quem está começando em Economia.

1. What attracted you to economics?
Without a doubt, it was the set of tools that economics provides to tackle different problems. Unlike in other fields, economists are not constrained to study a particular type of question, or to do “the same thing” over and over. Instead, by combining economic theory with the set of mathematical, statistical, and computational tools that economics provides, you are able to extract from the data useful information about a wide range of topics. The fact that these tools can be applied not only to guide public policy, but also to learn about everyday human behavior, keeps fascinating me.

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Por que a história econômica é importante para se entender nossos problemas atuais?

A dica é esta. Alguns trechos.

Is a budget deficit really so bad? Plenty of governments run deficits at times, and cover the shortfall by borrowing against future budget surpluses. Brazil does not face an imminent debt crisis. Yet the bond market has turned sour on them.  Why? The answer is history.  Over the last century Brazil repeatedly failed to honor its debt.  Instead of consistent fiscal discipline, it ran up deficits, using high inflation and default to avoid paying back what it owed. No wonder deficits set off alarm bells in Brazil.

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The bond market is not the problem.  The market’s repricing of default risk is merely a symptom. The illness is the weak commitment to fiscally sound policies that avoid high inflation, and a questionable commitment to honor the debt. The problem is political, not economic.

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