Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is typically achieved by either excluding or downplaying the importance of the most volatile items. However, some of those items show high persistence, and one certainly does not want to disregard persistent price changes. The non-equivalence between volatility and (the lack of) persistence implies that when one excludes volatile items relevant information is likely to be discarded. Therefore, we propose a new type of core inflation measure, one that takes simultaneously into account both volatility and persistence. The evidence shows that such measures far outperform those based on either volatility or persistence. The latter have been advocated in the literature in recent years.
This book comprehensively examines the development of Brazilian agriculture by focusing on the crops which evolved from national products to international commodities on a massive scale. It traces the transformation of Brazil from a country with low-yield levels in 1950 to its current position as a leading world producer. The first section of the book examines the modernization of Brazilian agriculture through a government programme which transformed traditional agriculture through subsidized credit, guaranteed prices, stock purchases, land utilization laws, modern research, new technology and major support for exports. It also explores the changing structures of agricultural production and farm ownership over time, analysing national censuses from 1920 to 2017 to illustrate the increasing efficiency of Brazil’s agricultural workers. The book then discusses the history and evolution of the major Brazilian crops in detail, starting with the newer export crops such as soybeans, maize and cotton, before focusing on the traditional sugar and coffee industries. The final section of the book examines two other major areas of agroindustry: forestry and the evolution of the pastoral industries, as well as the growth of a meat exporting sector. The authors also explore questions of sustainability in the context of today’s climate challenges, and the role of Brazilian agriculture in the world market going forward. This wide-ranging study will be of interest to a range of academics, including those working in agricultural economics, economic history, the history of Latin America and the history of agriculture more broadly.
In the 1950s–80s, Brazil built one of the most advanced industrial networks among the "developing" countries, initially concentrated in the state of São Paulo. But from the 1980s, decentralization of industry spread to other states reducing São Paulo's relative importance in the country's industrial product. This volume draws on social, economic, and demographic data to document the accelerated industrialization of the state and its subsequent shift to a service economy amidst worsening social and economic inequality. Through its cultural institutions, universities, banking, and corporate sectors, the municipality of São Paulo would become a world metropolis. At the same time, given its rapid growth from 2 million to 12 million residents in this period, São Paulo dealt with problems of distribution, housing, and governance. This significant volume elucidates these and other trends during the late twentieth and early twenty-first centuries, and will be an invaluable reference for scholars of history, policy, and the economy in Latin America.
A practical guide that will deeply change the way you negotiate and make decisions in a negotiation! Who has never felt vulnerable after a negotiation after realizing that they did not recognize a tactic their counterpart used? Just like in a game of chess, negotiation tactics are intentional practices adopted during negotiations in order to produce the desired and predetermined effects on the counterpart you are negotiating with. For this reason, it is vital to know them, both to improve your understanding of the scenario in which you are negotiating and to know how and when to use them in order to maximize the desired results. This book compiles the 48 most powerful negotiation tactics, constituting a practical guide that presents not only the description of each tactic but also the explanation of how and why they work, their desired effects, examples of applications, and, mainly, how to neutralize them when they are used against you. Once you have finished reading, you will certainly be better prepared to understand the negotiations in which you will participate, as well as have at your disposal a real guide to facilitate your decision on how to act during them. In short: this book is a must-have, it is a practical guide to always have on your side to be ready and willing to negotiate.
Intuitively core inflation is understood as a measure of inflation where noisy price movements are avoided. This is typically achieved by either excluding or downplaying the importance of the most volatile items. However, some of those items show high persistence, and one certainly does not want to disregard persistent price changes. The non-equivalence between volatility and (the lack of) persistence implies that when one excludes volatile items relevant information is likely to be discarded. Therefore, we propose a new type of core inflation measure, one that takes simultaneously into account both volatility and persistence. The evidence shows that such measures far outperform those based on either volatility or persistence. The latter have been advocated in the literature in recent years.
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