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Monetary policy has been historically concerned with controlling inflation, using the interest rate as its main tool. However, such policies are not gender- or race-neutral. This paper explores econometrically the effect of changes in the interest rate for female and black employment creation in Brazil. We conducted a fixed effects analysis for 13 states between 2012 and 2021 to estimate the effects of changes in interest rates on unemployment, separating it by gender and race. Our results show that the increase in the real interest rate has a positive effect on the relative unemployment of black men to white men, no effect on the relative unemployment of black women to white men, and a negative effect on the relative unemployment of white women to white men. These effects are intensified in regions where the black share of the population is lower. This paper contributes to understanding the challenges to closing gender and racial gaps, particularly in developing economies. We conclude that social stratification, if not considered, can lead to misleading policies that perpetuate unequal socioeconomic outcomes. [ABSTRACT FROM AUTHOR]

Female under-representation in high-profile career positions has relevant impacts on firms' outcomes, research topics, and public policies. In the academic profession, women's participation decreases as they evolve in their careers. To understand the lack of women in economics in Brazilian academia, we investigate the decision to submit papers to the largest conference in the country (Brazilian Meeting of Economics, or ANPEC Meetings), an important achievement in the profession. We explore a novel panel dataset of researchers and match them with web-scraped data of their résumés to test gender differences in the probability of submitting an article one year after having a paper (same or new) rejected in the previous year. Our findings suggest that women desist 2.9% points more than men when facing rejection. We also find evidence that younger women give up more and that the quality of the undergraduate program relates to the gender gap in the likelihood of desisting. Finally, we argue that more competitive women may self-select into higher-quality institutions. [ABSTRACT FROM AUTHOR]