<p><strong>ABSTRACT</strong></p><p><strong></strong>This study analyses theoretically and empirically the relationship between monetary institutions and macroeconomic performance in Brazil, in the period after the adoption of the inflation targeting regime (ITR), in 1999. The hypothesis is that the monetary institutions inhibited economic growth, rather than being effective at controlling inflation, whose main causes are related to structural and institutional factors, indexation process and domestic and external shocks. The main results of the ITR, embodied in the highly restrictive monetary policy, are the following negative effects: A reduction in Gross Domestic Product (GDP) growth rates, a rise in the stock of public debt and an appreciation of the domestic currency. Likewise, the itr has not been successful in maintaining inflation rate below its target. In this respect, revisions in the Brazilian monetary institutions would be essential to improve the results of the ITR, both in terms of actual inflation and economic performance. <br /><br /></p><p><strong>DESEMPEÑO MACROECONÓMICO EN BRASIL DESPUÉS DEL RÉGIMEN DE METAS DE INFLACIÓN</strong></p><p><strong></strong><strong>RESUMEN</strong></p><p><strong></strong>Este estudio analiza teórica y empíricamente la relación entre las instituciones monetarias y el desempeño macroeconómico en Brasil en el periodo posterior a la adopción del régimen de metas de inflación (RMI) en 1999. La hipótesis es que las instituciones monetarias impidieron el crecimiento económico, más que controlar efectivamente la inflación, cuyas causas principales están relacionadas con factores estructurales e institucionales, procesos de indexación y choques internos y externos. Los principales resultados del RMI, consustanciados en la política monetaria altamente restrictiva, son los siguientes efectos negativos: una reducción de las tasas de crecimiento del producto interno bruto (PIB), un aumento del stock de deuda pública y una apreciación de la moneda nacional. Asimismo, el RMI no logró mantener la tasa de inflación por debajo de su meta. A este respecto, revisiones en las instituciones monetarias brasileñas serían esenciales para mejorar los resultados del rmi, tanto en términos de inflación como de desempeño económico.</p>

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PurposeThis paper analyzes the issue of wage differentials and gender discrimination in the Brazilian labor market.Design/methodology/approachThe methodology is based on the log-linear equation model by Mincer (1974) and the decomposition method by Oaxaca (1973) and Blinder (1973) and was estimated using data from the National Household Sample Survey (PNAD).FindingsThe main results indicate that there was a reduction in wage differentials and gender discrimination in the majority of regions in Brazil for white workers when comparing the available years. However, for non-white workers, the degree of discrimination increased in Brazil, especially in the central-west and southeast regions. Overall, wage decompositions have suggested that women suffer from wage discrimination.Originality/valueThis is the first paper detailing wage discrimination across the different Brazilian regions and also controlling for usual dimensions like gender and race.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-09-2021-0569.

IntROdUçãOA economia brasileira passou por profundas transformações a partir da década de 1990, momento em que a condução das políticas macroeconômicas esteve voltada para a estabilização de preços, bem como para a inserção do país na nova ordem econômica internacional.A crescente liberalização comercial, a desregulamentação do setor financeiro, a reformulação do papel do Estado e a reestruturação produtiva são as características que vão marcar essa fase e se constituir no norte que passa a orientar as decisões de política econômica.As políticas macroeconômicas adotadas a partir de então impactaram negativamente a taxa de crescimento do PIB, cujo crescimento médio anual foi de apenas 2,3%, entre 1990 e _____________

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