The consequences of the international financial crisis and the great recession in Argentina and Brazil
| Autor: | ANDRÉS ERNESTO FERRARI HAINES, FERNANDO FERRARI-FILHO, HERNAN NEYRA |
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| Jazyk: | English<br />Portuguese |
| Rok vydání: | 2020 |
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| Zdroj: | Brazilian Journal of Political Economy, Vol 40, Iss 1, Pp 68-85 (2020) |
| Druh dokumentu: | article |
| ISSN: | 1809-4538 0101-3157 |
| DOI: | 10.1590/0101-31572020-3048 |
| Popis: | ABSTRACT The 2007-2008 international financial crisis (IFC) and the ‘Great Recession’ (GR) had worldwide effects. In the case of Argentina and Brazil, the reduction and improvement in composition of public external debt, the previous policy of international reserves accumulation combined with left-wing political affinity between governments, provided some space for countercyclical macroeconomic policies. Consequently, its governments were able to face the IFC and GR without following traditional tightened or pro-cyclical macroeconomic policies. This article examines the consequences of the IFC and the GR in Argentina and Brazil and the countercyclical macroeconomic policies that were implemented during the period 2009-2014. |
| Databáze: | Directory of Open Access Journals |
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