Conventions and the Brazilian Fiscal Policy to Face the Aftermath of the COVID-19 Economic Crisis: a Post Keynesian view
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Abstract
With the exception of 2020, when Brazilian GDP fell because of COVID-19, the policy of 'expansionary fiscal austerity' has been implemented in Brazil since 2015, but with poor results in terms of economic growth. From the Post-Keynesian perspective, sustainable economic growth depends on investment and the latter depends on optimistic conventions. This article analyses the feasibility of a Keynesian fiscal policy to resume Brazilian economic growth and the role of conventions for the success of fiscal policy.
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Resende, M. F. d C. (2023). Conventions and the Brazilian Fiscal Policy to Face the Aftermath of the COVID-19 Economic Crisis: a Post Keynesian view . Economic Issues, 28(1), 21–42. Retrieved from https://economicissues.org.uk/index.php/EI_OJS/article/view/371
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