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
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Creator |
Serrano, Franklin
Summa, Ricardo |
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Subject |
B51; E60; O11.
Brasil; crescimento liderado pela demanda; políticas macroeconômicas. |
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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.
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Publisher |
Nova Economia
Nova Economia |
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Contributor |
—
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Date |
2016-12-30
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3549
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Source |
Nova Economia; v. 25 (2015): Número Especial
Nova Economia; v. 25 (2015): Número Especial 0103-6351 |
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Language |
eng
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Relation |
http://revistas.face.ufmg.br/index.php/novaeconomia/article/view/3549/1850
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Rights |
Direitos autorais 2016 Nova Economia
http://creativecommons.org/licenses/by/4.0 |
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