Brazil: Boom, Bust, and the Road to Recovery

By Antonio Spilimbergo, Krishna Srinivasan

March 14, 2019

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Format: Chicago

Antonio Spilimbergo, and Krishna Srinivasan. Brazil: Boom, Bust, and the Road to Recovery, (USA: International Monetary Fund, 2019) accessed December 21, 2024

Summary

Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil’s uninspiring growth performance over the past four decades.

Subject: Corruption, Crime, Expenditure, Income inequality, Inflation, National accounts, Personal income, Prices, Production, Productivity

Keywords: Anti-corruption authority ANAC, BOOK, Brazil, Caribbean, Central America, Commodity exporter, Corruption, Global, Government, Income inequality, Inflation, Inflation expectation, Middle East, Monetary policy, North Africa, Personal income, Political system, Productivity, Reform priority, South America, Trade liberalization, Wage bill

Publication Details

Pages:

382
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Books
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BBBRREA
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