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Brazil: Boom, Bust, and Road to Recovery

Antonio Spilimbergo

5/5 ( ratings)

Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil's uninspiring growth performance over the past four decades.

Language: English

Pages: 382

Format: Paperback

Publisher: International Monetary Fund

Release: March 05, 2019

ISBN: 1484339746

ISBN 13: 9781484339749

Brazil: Boom, Bust, and Road to Recovery

Antonio Spilimbergo

5/5 ( ratings)

Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil's uninspiring growth performance over the past four decades.

Language: English

Pages: 382

Format: Paperback

Publisher: International Monetary Fund

Release: March 05, 2019

ISBN: 1484339746

ISBN 13: 9781484339749

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