ALVARO ANGERIZ University of Cambridge, UK TIRTHANKAR CHAKRAVARTY University of Cambridge, UK MARCO CROCCO Associate Professor, Department of Economics and Center for Regional Development and Planning (CEDEPLAR) UFMG; Researcher, CNPq FERNANDO J. CARDIM DE CARVALHO Professor of Economics, Institute of Economics, Federal University of Rio de Janeiro, Brazil LUIZ FERNANDO DE PAULA University of the State of Rio de Janeiro, Brazil; CNPq FERNANDO FERRARI FILHO Full Professor of Economics, Federal University of Rio Grande do Sul, Brazil; Researcher, CNPq PAULO GAYA Master in Public Administration, Brazilian School of Public and Business Administration (EBAPE/FGV), Brazil; Brazilian Central Bank, Brazil FREDERICO G. JAYME JR Associate Professor, Department of Economics and Center for Regional Development and Planning (CEDEPLAR), UFMG; Researcher; CNPq LECIO MORAIS Camara dos Deputados, Brasilia - DF, Brazil ALCINO FERREIRA CAMARA NETO Federal University of Rio de Janeiro, Brazil LEDA MARIA PAULANI Economics Department, University of Sao Paulo, Brazil JOAO SICSU Associate Professor, Universidade Federal do Rio de Janeiro, Brazil ROGERIO SOBREIRA Associate Professor of Economics and Finance, Brazilian School of Public and Business Administration, Getulio Vargas Foundation (EBAPE/FGV), Brazil; Member, Money and Financial Markets Study Group, Institute of Economics, Federal University of Rio de Janeiro (IE-UFRJ), Brazil; Researcher, Pronex (FAPERJ/MCT) MATIAS VERNENGO University of Utah, USA CARLOS VIDOTTO Associate Professor, Universidade Federal Fluminense, Brazil