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Brazil Responses to the International Financial Crisis: A Successful Example of Keynesian Policies?


Author Info

  • André Moreira Cunha

    (Departament of Economics, UFRGS, and CNPq Researcher, Brazil)

  • Daniela Magalhães Prates

    (Departament of Economics, Unicamp, and CNPq Researcher, Brazil)

  • Fernando FerrariFilho

    (Departament of Economics, UFRGS, and CNPq Researcher, Brazil)


The paper analyses the economic policy responses of the Brazilian government to the international financial crisis. In doing so, the paper aims to answer a specific question: Can the economic policies implemented in 2008-09 be identified as Keynesian economic policies? It concludes that, despite the fact the Brazilian economic policies response to the international financial crisis seems remember Keynesian economic policies, it is not possible to argue that the recovery of the Brazilian economy can be considered a Keynesian showcase.

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Bibliographic Info

Article provided by Savez ekonomista Vojvodine, Novi Sad, Serbia in its journal Panoeconomicus.

Volume (Year): 58 (2011)
Issue (Month): 5 (December)
Pages: 693-714

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Handle: RePEc:voj:journl:v:58:y:2011:i:5:p:693-714

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Keywords: International financial crisis; Keynesian economic policies; Brazilian government reaction;

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Cited by:
  1. Marcello Spanò, 2013. "Foreign Reserves as Hedging Instruments in Emerging Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(2), pages 203-230, April.


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