Economic Cycles in Brazil

Leonardo Weller

A chapter in Business Cycles in BRICS, 2019, pp 69-87 from Springer

Abstract: Abstract This chapter contextualizes the economic cycles that happened in Brazil between 1981 and 2017. It highlights that business cycles have been a weak force in determining the timing and pace of Brazilian economic growth, whose erratic stop-and-go pattern is often compared to a “chicken flight.” Instead of gains from productivity, demand-side government policies and exogenous shocks have driven fluctuations in economic activity. The chapter focuses on such policies and shocks to explain the causes of recessions that occurred in 1981–1983, 1987–1988, 1989–1992, 1995, 1998–1999, 2001, 2003, 2008–2009, and 2014–2016—the last of which was the most severe ever recorded in the country.

Keywords: Rousseff; Fiscal Deterioration; Inflation Targeting Regime; Primary Surplus; Exchange Rate Depreciation (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:socchp:978-3-319-90017-9_5

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DOI: 10.1007/978-3-319-90017-9_5

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