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Macroeconomic Policy, Growth and Income Distribution in the Brazilian Economy in the 2000s

Author

Listed:
  • Franklin Serrano
  • Ricardo Summa

Abstract

The Brazilian economy grew by 4.2 percent annually from 2004-2010, more than double its annual growth from 1999-2003 or indeed its growth rate over the prior quarter century. This growth was accompanied by a significant reduction in poverty and extreme poverty, especially after 2005, as well as reduced inequality. This paper looks at the combination of external changes and changes in macroeconomic policy that contributed to these results.

Suggested Citation

  • Franklin Serrano & Ricardo Summa, 2011. "Macroeconomic Policy, Growth and Income Distribution in the Brazilian Economy in the 2000s," CEPR Reports and Issue Briefs 2011-13, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2011-13
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    File URL: http://www.cepr.net/documents/publications/brazil-2011-06.pdf
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    References listed on IDEAS

    as
    1. Nelson H. Barbosa Filho, 2005. "Estimating Potential Output : a Survey of the Alternative Methods and their Applications to Brazil," Discussion Papers 1092, Instituto de Pesquisa Econômica Aplicada - IPEA.
    2. Frenkel, Roberto, 2012. "Lecciones de politica macroeconómica para el desarrollo, a la luz de la experiencia del pasado decenio," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(313), pages 5-49, enero-mar.
    3. Nelson H. Barbosa-Filho, 2009. "Inflation Targeting in Brazil: 1999–2006," Chapters,in: Beyond Inflation Targeting, chapter 7 Edward Elgar Publishing.
    4. Alcino F. Câmara Neto & Matías Vernengo, 2006. "Monetary Integration and Dollarization: What Are the Lessons?," Chapters,in: Monetary Integration and Dollarization, chapter 15 Edward Elgar Publishing.
    5. Bresser Pereira,Luiz Carlos, 2010. "Globalization and Competition," Cambridge Books, Cambridge University Press, number 9780521196352, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    brazil; economy;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • I - Health, Education, and Welfare
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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