1 option
Brazil: The international financial crisis and counter-cyclical policies / Tito Belchior Silva Moreira and Fernando Antônio Ribeiro Soares.
- Format:
- Book
- Government document
- Author/Creator:
- Belchior Silva Moreira, Tito, author.
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Brazil.
- Local Subjects:
- Economic and Social Development.
- Brazil.
- Physical Description:
- 1 online resource (13 pages)
- Contained In:
- CEPAL Review Vol. 2012, no. 106, p. 169-181 2012:106<169 16840348
- Place of Publication:
- New York : United Nations, 2012.
- System Details:
- text file
- Summary:
- This article evaluates the effectiveness of the counter-cyclical measures adopted by the Brazilian government to mitigate the effects of the subprime mortgage crisis, by analysing the repercussions of monetary, fiscal and credit policies on several of the main macroeconomic aggregates. The empirical analysis showed that expansionary credit policy was decisive for increasing family consumption and aggregate output during the crisis. While expansionary monetary policy also helped increase aggregate production during that period, investment expenditure did not respond to counter-cyclical policies.
- Notes:
- Title from title screen (viewed May 1, 2017).
- Access Restriction:
- Restricted for use by site license.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.