Conduct a concise case study on Brazil. Briefly identify any two long-run as well as any two short-run institutions in your chosen country and discuss how these institutions affect current economic outcomes. Lastly, on the bases of your findings, make one or two policy recommendations aimed at improving (or maintaining) your identified economic outcomes with specific reference to short-run and long-run institutions. Remember, you can choose any long-run- and short-run institutions as long as you motivate your choices with evidence and sound reasoning. How to go about it: Find information and data (if possible) on the strength and quality of institutions and compare it to macro-economic outcomes in your chosen country. Do this within the context of both long-run and short-run institutions. Your chosen economic outcomes can be positive or negative (i.e. low inflation, high unemployment, non-independent monetary policy, etc.). Other instructions: We recommend the following basic structure to your essay: 1) Introduction; 2) Brief contextualization of chosen country; 3) Data and evidence in support of the link between relevant institutions and the chosen economic outcomes; 4) Policy recommendations; 5) Conclusion
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