The tale of the contagion of two crises and policy responses in Brazil: a case of (Keynesian) policy coordination?

Paula, Luiz Fernando de; Modenesi, André de Melo; Pires, Manoel Carlos de Castro

doi:10.1080/01603477.2015.1000118

Cited by 30 publications

(26 citation statements)

References 8 publications

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“…(14) For a discussion on the economic policy after the international financial crisis, see Paula et al (2015). The lower growth rates since economic opening were followed by current account deficits in most of the period.…”

Section: De-industrialization and Increasing Financial Fragility: Thementioning

confidence: 99%

Financial liberalization and structural change: the Brazilian case in the 2000s

2019

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This paper discusses the relationship between financial integration and structural change based on a Minsky-Kregel approach. The motivation for this investigation derives from the fact that the opening of the Brazilian economy in the 1990s did not generate a structural change capable of increasing the weight of higher-technological sectors in the manufacturing industry. In theoretical terms we assume that financial liberalization in developing countries induces the loss in importance of the industrial sector in the productive structure, leading to an early deindustrialization process. In addition, it increases the external fragility and reduces the scope for developing countries to implement long-term economic policies to increase their potential output. In our econometric exercise applied to the Brazilian economy in the 2000s it was observed that financial integration and dependence on foreign savings, captured by an international liquidity proxy and dummy variables to incorporate the external financial instability in the period studied, reduced the share of Brazilian industry in GDP.

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Section: De-industrialization and Increasing Financial Fragility: Thementioning

confidence: 99%

Financial liberalization and structural change: the Brazilian case in the 2000s

2019

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“…The low budget execution shown in figure 1 can be explained by political -the governmental (non) priority to the program -and operational factors, such as the lack of work plans necessary for the commitment of public resources through agreements with states and municipalities. However, the percentage of payment (execution) shows that the non-governmental priority was decisive in the process, since the period of existence of the PBQ was a period of fiscal expansion, an aspect that characterized the second term President Luís Inácio Lula da Silva, as Giambiagi argues (2009) and is corroborated by De Paula, Modenesi and Pires (2015).…”

Section: Characteristics Of the Budget Of The Pbq: The Sunset Of A Gomentioning

confidence: 96%

Análise orçamentária do Programa Brasil Quilombola no Brasil e no Maranhão: o ocaso de uma política pública

Teixeira

Sampaio

2019

Rev. Adm. Pública

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Resumo As políticas públicas direcionadas às comunidades quilombolas tiveram como marco o lançamento do Programa Brasil Quilombola (PBQ) e sua institucionalização com a Agenda Social Quilombola. O objetivo deste artigo é analisar a alocação orçamentária do PBQ e seu nexo com a execução de políticas públicas no Brasil e no Maranhão. A metodologia utilizada baseia-se em análise de dados das Leis Orçamentárias Anuais entre 2004 e 2014 e em análise documental. Os dados orçamentários foram obtidos no Portal Siga Brasil, do Senado Federal, que compila dados do Sistema Integrado de Administração Financeira (Siafi) do governo federal. Foram realizadas análises documentais no Plano Estadual de Ações Integradas do Plano Brasil Quilombola do Maranhão e no Relatório de Execução do Plano Brasil Quilombola, também do Maranhão. A análise temática de conteúdo orientou o trabalho com os dados. Os dados reunidos conduziram à conclusão de que o PBQ operou como um dispositivo de governo que incluiu simbolicamente as comunidades quilombolas, aparentemente atendendo demandas de movimentos sociais. Contudo, excluiu-as efetivamente, via regulação orçamentária. Além disso, constatou-se o ocaso, ao menos orçamentário, de políticas públicas com recorte racial no país no âmbito do governo federal.

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“…When it became clear that this was not the case, government sought to implement ad hoc measures to boost growth. Such action, however, was not well coordinated and lacked consistency (Paula, Modenesi and Pires, 2015).…”

Section: Brazilmentioning

confidence: 99%

The consequences of the international financial crisis and the great recession in Argentina and Brazil

Haines

Filho

Neyra

2020

Brazil. J. Polit. Econ.

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The 2007-2008 international financial crisis (IFC) and the ‘Great Recession’ (GR) had worldwide effects. In the case of Argentina and Brazil, the reduction and improvement in composition of public external debt, the previous policy of international reserves accumulation combined with left-wing political affinity between governments, provided some space for countercyclical macroeconomic policies. Consequently, its governments were able to face the IFC and GR without following traditional tightened or pro-cyclical macroeconomic policies. This article examines the consequences of the IFC and the GR in Argentina and Brazil and the countercyclical macroeconomic policies that were implemented during the period 2009-2014.

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The tale of the contagion of two crises and policy responses in Brazil: a case of (Keynesian) policy coordination?

Cited by 30 publications

References 8 publications

Financial liberalization and structural change: the Brazilian case in the 2000s

Financial liberalization and structural change: the Brazilian case in the 2000s

Análise orçamentária do Programa Brasil Quilombola no Brasil e no Maranhão: o ocaso de uma política pública

The consequences of the international financial crisis and the great recession in Argentina and Brazil

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