Incerteza, expectativas e convenções em política econômica: uma abordagem pós-keynesiana

Wallace Marcelino Pereira (), Douglas Alcântara Alencar () and Stefan Wilson D’Amato ()
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Wallace Marcelino Pereira: Universidade Federal do Pará (UFPA)
Douglas Alcântara Alencar: Universidade Federal do Pará (UFPA)
Stefan Wilson D’Amato: Universidade Federal de Minas Gerais (UFMG)

Revista de Economia Mackenzie (REM), 2022, vol. 19, issue 2, 301-326

Abstract: In monetary economies the dynamics of the economy are determined by firms that make decisions based on the level of production and investment, according to expectations. The paper aims to evaluate the impact of uncertainty on the Bra-zilian economy for the period from 2003 to 2015. It discusses the impact and the way of conducting economic policy with reference to conventional behavior the-ory. The results show that the uncertainty persists on average between 4 and 5 months, and can reach 7 months. Moreover, the political dimension can be a source of stability or uncertainty, which through conventions reduces or prolongs the impulses arising from uncertainties.

Keywords: uncertainty; expectations; conventions; economic policy; Brazilian economy. (search for similar items in EconPapers)
JEL-codes: E00 E60 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:19:2:2022:jul:dec:p:301-326

DOI: 10.5935/1808-2785/rem.v19n2p.301-326

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