Open AccessPor que a recuperação tem sido a mais lenta de nossa história?
Author(s) -
Manoel Carlos de Castro Pires,
Bráulio Borges,
Gilberto Rodrigues Borça
Publication year - 2019
Publication title -
brazilian keynesian review
Language(s) - English
Resource type - Journals
ISSN - 2446-8509
DOI - 10.33834/bkr.v5i1.204
Subject(s) - stimulus (psychology) , economics , stock (firearms) , recession , monetary policy , interest rate , monetary economics , fiscal policy , economic recovery , keynesian economics , geography , psychology , archaeology , psychotherapist
Brazilian economic recovery that emerged from the 2014-16 recession is the slowest in history. Current low growth threats future growth reducing labor’s productivity and capital stock, which is widely known as hysteresis effect. Brazil has a large idleness, inflation below the target and both must result in lower interest rate. Monetary stimulus will improve economic activity and create space for fiscal policy and other themes of economic policy debate.