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dc.contributor.authorArestis, Philip
dc.contributor.authorFerrari Filho, F
dc.contributor.authorFlávio Resende, M
dc.contributor.authorBittes Terra, F
dc.date.accessioned2019-01-25T00:30:15Z
dc.date.available2019-01-25T00:30:15Z
dc.date.issued2019-05-04
dc.identifier.issn0577-5132
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/288397
dc.description.abstractPost Keynesians define conventions as creeds shared by individuals who use them to ground their expectations. Economic policymaking plays a major role in the development of conventions. Thus, this article analyses Brazil’s fiscal and monetary policies over 2011-2017. First, it shows how the monetary policy over 2011-2014 wasted the opportunity to establish a lower base rate in Brazil, what we call ‘the mistakes of the past’. Second, it argues that the austerity policy implemented after 2015 formed the convention that public investments are not needed to boost private investments; this is what we call ‘the loss of future opportunities’.
dc.publisherTaylor & Francis
dc.titleThe Brazilian monetary and fiscal policies from 2011 to 2017: conventions and crisis
dc.typeArticle
prism.endingPage199
prism.issueIdentifier3
prism.publicationNameChallenge
prism.startingPage187
prism.volume62
dc.identifier.doi10.17863/CAM.35695
dcterms.dateAccepted2018-10-25
rioxxterms.versionofrecord10.1080/05775132.2019.1606540
rioxxterms.versionAM
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserved
rioxxterms.licenseref.startdate2018-10-25
dc.contributor.orcidArestis, Philip [0000-0001-8729-4846]
dc.identifier.eissn1558-1489
rioxxterms.typeJournal Article/Review
cam.issuedOnline2019-05-17
cam.orpheus.successMon Jun 29 08:57:00 BST 2020 - Embargo updated
cam.orpheus.counter14
rioxxterms.freetoread.startdate2020-11-18


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