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Uma Estratégia de Desenvolvimento com Estabilidade

Author

Listed:
  • Luiz Carlos Bresser-Pereira

    (Professor Emérito da Fundação Getúlio Vargas - FGV/SP, São Paulo/SP, Brasil.)

  • Yoshiaki Nakano

    (Professor da Fundação Getúlio Vargas – FGV/SP, São Paulo/SP, Brasil.)

Abstract

A retomada do crescimento econômico após 20 anos de quase estagnação depende de uma estratégia de crescimento que combine estabilidade macroeconômica com políticas orientadas para o crescimento. O Plano Real estabilizou os preços, mas, como contrapartida, a taxa de juros disparou enquanto a taxa de câmbio permanece artificialmente apreciada. O principal desafio é reduzir a taxa básica de juros, que é consideravelmente mais alta que a dos países com classificação de risco-país semelhante. Existem várias razões para isso, incluindo pouca preocupação das autoridades monetárias em reduzir a taxa de juros, e a relação inversa entre a taxa de juros e o risco de default: a alta taxa de juros definida pelo Banco Central influencia em alta o risco-Brasil. Classificação JEL: E4; E5; O54.

Suggested Citation

  • Luiz Carlos Bresser-Pereira & Yoshiaki Nakano, 2002. "Uma Estratégia de Desenvolvimento com Estabilidade," Brazilian Journal of Political Economy, FGV EAESP, vol. 22(3), pages 533-563, July.
    • Handle: RePEc:ekm:repojs:v:22:y:2002:i:3:p:533-563:id:951
    DOI: 10.1590/0101-31572002-1246
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    Keywords

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    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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