Recession, inflation and foreign debt

Ignácio Rangel ()

Brazilian Journal of Political Economy, 1985, vol. 5, issue 3, 323-344

Abstract: When the economy is in recession, inflation accelerates in the Brazilian economy.In order that prices go up during recession corporations, in an oligopolist economy, reduceproduction and increase prices, instead of doing the contrary, as conventional economiesteach. To overcome recession, it is necessary that entrepreneurs take advantage of the newopportunities for investment in new dynamic sectors of the economy. In Brazil, public utilitiesare the sector that has more opportunities for growth. Private enterprises, national andmultinational, that have now idle capacity and excess savings will transfer these savings. Topublic utilities as soon as institutional and financial arrangements make this possible. JEL Classification: E32; D43.

Keywords: Recession; inflation; business cycle (search for similar items in EconPapers)
Date: 1985
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