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Brazil Responses to the International Financial Crisis: A Successful Example of Keynesian Policies?

André Cunha, Daniela Prates () and Fernando FerrariFilho ()
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Fernando FerrariFilho: Departament of Economics, UFRGS, and CNPq Researcher, Brazil

Authors registered in the RePEc Author Service: Fernando Ferrari Filho ()

Panoeconomicus, 2011, vol. 58, issue 5, 693-714

Abstract: The paper analyses the economic policy responses of the Brazilian government to the international financial crisis. In doing so, the paper aims to answer a specific question: Can the economic policies implemented in 2008-09 be identified as Keynesian economic policies? It concludes that, despite the fact the Brazilian economic policies response to the international financial crisis seems remember Keynesian economic policies, it is not possible to argue that the recovery of the Brazilian economy can be considered a Keynesian showcase.

Keywords: International financial crisis; Keynesian economic policies; Brazilian government reaction (search for similar items in EconPapers)
JEL-codes: E12 O52 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:voj:journl:v:58:y:2011:i:5:p:693-714