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In describing the macroeconomic policy of the Medici government (19691974) as predominantly expansive, this paper aims to contribute to the literature on the causes of the so-called Brazilian economic "miracle". This work argues that the heterodox shift – to which the Medici government contributed by continuing and intensifying the macro policy inherited from Costa e Silva and improving existing institutions to make expansion feasible – was more important to explain the high rates of product growth than the Castello Branco government reforms. Key works: Médici government, economic “miracle”, military dictatorship

A macroeconomia do governo Médici (1969-1974): uma contribuição ao debate sobre as causas do "milagre" econômico