Written by Armando Castelar.

Armando Castelar Pinheiro is Coordinator of Applied Economics at the Brazilian Institute of Economics (IBRE) at the Fundação Gertúlio Vargas (FGV) and Professor of Economics at the Federal University of Rio de Janeiro. Previously, he worked as an equity analyst at Gávea Investimentos, a senior researcher at the Institute of Applied Economic Research (IPEA), and Chief Economist at the National Development Bank (BNDES). Castelar earned a Ph.D. in Economics (University of California, Berkeley), Master degrees in Statistics (IMPA) and Business Administration (COPPEAD) and a Bachelor degree in Electronic Engineering (ITA).

He is a member of the Superior Council of Economics of the São Paulo Federation of Industries (FIESP); and pens monthly columns for the Valor Econômico and Correio Braziliense newspapers. He is currently a visiting fellow at the University of Miami. His most recent books are “Além da Euforia: Riscos e Lacunas do Modelo Brasileiro de Desenvolvimento” (co-authored by F. Giambiagi), 2012, and “Rio de Janeiro, um Estado em Transição” (co-edited by Fernando Veloso), 2012.

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