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Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014

Nova Economia

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Title Aggregate demand and the slowdown of Brazilian economic growth in 2011-2014
 
Creator Serrano, Franklin
Summa, Ricardo
 
Subject B51; E60; O11.
Brasil; crescimento liderado pela demanda; políticas macroeconômicas.
 
Description This paper looks in detail at the sharp slowdown in the Brazilian economy for the years 2011-2014. We argue that the slowdown is overwhelmingly the result of a sharp decline in domestic demand, rather than a fall in exports and even less any change in external financial conditions. The sharp fall in domestic demand, in turn, is shown to be a result of deliberate policy decisions made by the government and was not necessary, i.e., it was not made in response to some external constraint such as a balance-of-payments problem.
 
Publisher Nova Economia
Nova Economia
 
Contributor
 
Date 2016-12-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3549
 
Source Nova Economia; v. 25 (2015): Número Especial
Nova Economia; v. 25 (2015): Número Especial
0103-6351
 
Language eng
 
Relation http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3549/1850
 
Rights Direitos autorais 2016 Nova Economia
http://creativecommons.org/licenses/by/4.0