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

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  • André Moreira Cunha
  • Daniela Magalhães Prates
  • Fernando FerrariFilho

Abstract

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 show-case. Key words: International financial crisis, Keynesian economic policies, Brazilian government reaction.JEL: E12, O52.

Suggested Citation

  • André Moreira Cunha & Daniela Magalhães Prates & Fernando FerrariFilho, 2011. "Brazil Responses to the International Financial Crisis: A Successful Example of Keynesian Policies?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(5), pages 693-714.
    • Handle: RePEc:voj:journl:v:58:y:2011:i:5:p:693-714:id:337
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    Keywords

    : International financial crisis; Keynesian economic policies;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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