PHILIP ARESTIS is University Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK. He is also Adjunct Professor of Economics, University of Utah, US; Senior Scholar, Levy Economics Institute, New York, US; Visiting Professor, University of Leeds, UK; and Visiting Professor, School of Oriental and African Studies (SOAS), University of London, UK. He was a member of the Economics and Econometrics RAE panel in 1996 and in 2001, and Quality Assessor for the quality assessment exercise in Economics of the Scottish Higher Edu

• Introduction; P.Arestis & A.Saad-Filho Neoliberalism, Democracy and Economic Policy in Brazil; A.Saad-Filho Lula's Government in Brazil: A New Left or the Old Populism?; F.J.C.de Carvalho The Real Meaning of the Economic Policy of Lula's Government; L.M.Paulani Economic Constraints to a Sustained Growth for the Brazilian Economy; L.F.de Paula The Twilight of Lula's Government; F.Ferrari-Filho & F.C.de Carvalho Assessing Brazil's Economic Performance: 2003-2005; J.Sicsú Inflation Targeting in Brazil; P.Arestis, L.F.de Paula & F.Ferrari-Filho Brazilian Domestic Public Debt in 2003-05: Resisting Decline and Potential Threat of Loss of Control; C.E.Carvalho An Empirical Study of Brazilian Bond Auctions, 2002-2004; R.Sobreira & P.Gaya Fiscal Policy, Credit Availability and Financing of Regional Policies in Brazil; F.G.Jayme & M.Crocco