resumo: Durante o primeiro mandato da presidente Dilma, os preços administrados foram utilizados como um instrumento para cumprir a meta de inflação, de modo a subordinar as políticas industriais para finalidades macroeconômicas de curto prazo. esta estratégia foi ineficaz para controlar a inflação e distorceu decisões de investimento e consumo. o artigo mostra que os preços tendem a desviar-se mais, quanto maior for seu peso no índice de preços, e tendem a variar de forma consistente com os ciclos políticos. o artigo conclui com sugestões de políticas para controlar o efeito negativo de desvios de critério do governo para determinar os preços administrados. Palavras-chave: preços administrados; meta de inflação; ciclos eleitorais; discrição governo. abstract: administered prices and government discretion. administered prices during the first term of President Dilma were used as an instrument to meet inflation target, so as to subordinate industrial policies to short run macroeconomic aims. this strategy was ineffective to control inflation and distorted investment and consumption decisions. the article shows that prices tend to deviate more the larger their weight in the price index, and tend to vary consistently with the political cycles. the article concludes with policy suggestions to control the negative effect of deviations of government discretion to determine administered prices.
Brazil is the second largest producer of ethanol in the world. Brazilian ethanol is derived from sugarcane and is mostly used domestically as a transportation fuel. This article looks at the influence of Brazilian energy policies and biofuel policies on domestic ethanol supply and demand and considers the consequences of the economic and political crisis on the sector. It provides insights on the medium-term development prospects for the Brazilian ethanol industry. It considers the opportunities associated with the favourable Greenhouse Gas (GHG) emission reduction profile of Brazilian ethanol and with the development of co-generation and advanced cellulosic biofuels. It would appear that prospects for the Brazilian ethanol sector are potentially strong but dependent on governmental commitments.
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