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A base de dados compreende o período de janeiro de até dezembro de The database that covers the period from January to December Five main groups are identified as determinants of inflation: i aggregate demand, ii aggregate supply iii exchange rate, iv wages ev inertia. The evidence presented in this paper show that the inertia, external factors and supply conditions overlap demand in order to determine the inflation. Therefore, inflation shows little sensitivity to the level of activity. La base de datos comprende el período de enero de hasta diciembre de Cinco principales grupos se apuntan como determinantes de la inflación: i demanda agregada; ii oferta agregada; iii tipo de cambio; iv salarios y v inercia. Las evidencias revelan que la inercia, los factores externos y las condiciones de oferta se superponen a la demanda en el sentido de determinar la inflación brasileña.

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Analysis of the relation between revenues and public expenses and the educational development of the brazilian municipalities based on the FIRJAN index. Abstract: Based on arguments arising from the discussions on government accountability and studies related to the quality of public spending, this study aimed to measure the relationship between public revenues and expenditures, which are representative of the published municipal budget execution, and the quality of education in Brazilian municipalities, In the period from to , according to the FIRJAN Municipal Development Index, in the educational field IFDMed. A regression model with panel data was used for 4, municipalities between and , with IFDMed as the dependent variable, as explanatory variables, representative variables of collection and public expenditure and others used to control the variables. The results of the research showed that the variables related to the municipal development indexes in the employment and income and health sectors, the proportion of students in relation to the number of inhabitants the expenses with the remuneration of the teachers and expenses with Municipalities. It has been demonstrated that a better living condition of the population, associated to higher remunerations per student for the teaching profession, are significant factors in the improvement of municipal education. Also, the density of students in the township population has shown to bring to this a level of complexity in the organization required for education, which can force educational outcomes to worse levels. The results demonstrate, finally, that there is a partial relationship between public revenues and expenditures and the quality of education of the Brazilian municipalities for the analyzed period. Keywords: Accountability, Quality of public spending, Education.


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