The consequences of the international financial crisis and the great recession in Argentina and Brazil
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , |
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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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 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000100068 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000100068 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0101-31572020-3048 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
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 instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
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1754122482467471360 |