| Autor: |
Franklin Serrano, Ricardo Summa |
| Jazyk: |
English<br />Spanish; Castilian<br />Portuguese |
| Rok vydání: |
2016 |
| Předmět: |
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| Zdroj: |
Nova Economia, Vol 25, Iss Esp (2016) |
| Druh dokumentu: |
article |
| ISSN: |
0103-6351 |
| Popis: |
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. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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