The consequences of the international financial crisis and the great recession in Argentina and Brazil

Detalhes bibliográficos
Autor(a) principal: HAINES,ANDRÉS ERNESTO FERRARI
Data de Publicação: 2020
Outros Autores: FERRARI-FILHO,FERNANDO, NEYRA,HERNAN
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000100068
Resumo: ABSTRACT The 2007-2008 international financial crisis (IFC) and the ‘Great Recession’ (GR) had worldwide effects. In the case of Argentina and Brazil, the reduction and improvement in composition of public external debt, the previous policy of international reserves accumulation combined with left-wing political affinity between governments, provided some space for countercyclical macroeconomic policies. Consequently, its governments were able to face the IFC and GR without following traditional tightened or pro-cyclical macroeconomic policies. This article examines the consequences of the IFC and the GR in Argentina and Brazil and the countercyclical macroeconomic policies that were implemented during the period 2009-2014.
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spelling The consequences of the international financial crisis and the great recession in Argentina and BrazilInternational financial crisisgreat recessionArgentina and Brazilcountercyclical macroeconomic policiesABSTRACT The 2007-2008 international financial crisis (IFC) and the ‘Great Recession’ (GR) had worldwide effects. In the case of Argentina and Brazil, the reduction and improvement in composition of public external debt, the previous policy of international reserves accumulation combined with left-wing political affinity between governments, provided some space for countercyclical macroeconomic policies. Consequently, its governments were able to face the IFC and GR without following traditional tightened or pro-cyclical macroeconomic policies. This article examines the consequences of the IFC and the GR in Argentina and Brazil and the countercyclical macroeconomic policies that were implemented during the period 2009-2014.Centro de Economia Política2020-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000100068Brazilian Journal of Political Economy v.40 n.1 2020reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572020-3048info:eu-repo/semantics/openAccessHAINES,ANDRÉS ERNESTO FERRARIFERRARI-FILHO,FERNANDONEYRA,HERNANeng2020-02-17T00:00:00Zoai:scielo:S0101-31572020000100068Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2020-02-17T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv The consequences of the international financial crisis and the great recession in Argentina and Brazil
title The consequences of the international financial crisis and the great recession in Argentina and Brazil
spellingShingle The consequences of the international financial crisis and the great recession in Argentina and Brazil
HAINES,ANDRÉS ERNESTO FERRARI
International financial crisis
great recession
Argentina and Brazil
countercyclical macroeconomic policies
title_short The consequences of the international financial crisis and the great recession in Argentina and Brazil
title_full The consequences of the international financial crisis and the great recession in Argentina and Brazil
title_fullStr The consequences of the international financial crisis and the great recession in Argentina and Brazil
title_full_unstemmed The consequences of the international financial crisis and the great recession in Argentina and Brazil
title_sort The consequences of the international financial crisis and the great recession in Argentina and Brazil
author HAINES,ANDRÉS ERNESTO FERRARI
author_facet HAINES,ANDRÉS ERNESTO FERRARI
FERRARI-FILHO,FERNANDO
NEYRA,HERNAN
author_role author
author2 FERRARI-FILHO,FERNANDO
NEYRA,HERNAN
author2_role author
author
dc.contributor.author.fl_str_mv HAINES,ANDRÉS ERNESTO FERRARI
FERRARI-FILHO,FERNANDO
NEYRA,HERNAN
dc.subject.por.fl_str_mv International financial crisis
great recession
Argentina and Brazil
countercyclical macroeconomic policies
topic International financial crisis
great recession
Argentina and Brazil
countercyclical macroeconomic policies
description ABSTRACT The 2007-2008 international financial crisis (IFC) and the ‘Great Recession’ (GR) had worldwide effects. In the case of Argentina and Brazil, the reduction and improvement in composition of public external debt, the previous policy of international reserves accumulation combined with left-wing political affinity between governments, provided some space for countercyclical macroeconomic policies. Consequently, its governments were able to face the IFC and GR without following traditional tightened or pro-cyclical macroeconomic policies. This article examines the consequences of the IFC and the GR in Argentina and Brazil and the countercyclical macroeconomic policies that were implemented during the period 2009-2014.
publishDate 2020
dc.date.none.fl_str_mv 2020-03-01
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dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000100068
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dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572020-3048
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dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.40 n.1 2020
reponame:Revista de Economia Política
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