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The Brazilian ‘secular stagnation’: Its causes and an agenda to overcome it

Author

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  • Fernando Ferrari Filho
  • Fabio Terra

Abstract

The article has two goals. First, it describes and analyses the reasons for theBrazilian ‘secular stagnation’ between 2015 and 2021. Second, it outlines an agenda toassure the Brazilian macroeconomic stability and social development, defined as sustainableeconomic growth, inflation under control, fiscal and external equilibria and incomedistribution. JEL Classification: E12; E14; E52; E62; N16.

Suggested Citation

  • Fernando Ferrari Filho & Fabio Terra, 2023. "The Brazilian ‘secular stagnation’: Its causes and an agenda to overcome it," Brazilian Journal of Political Economy, Center of Political Economy, vol. 43(1), pages 96-109.
    • Handle: RePEc:ekm:repojs:v:43:y:2023:i:1:p:96-109:id:2387
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2387/2324
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    More about this item

    Keywords

    ‘Secular stagnation’; Brazilian economy; Keynesian and Institutionalist approaches;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

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