The setbacks of recessive economic policy (1981/82)

Abstract

Although the current crisis affecting the Brazilian economy relates to the depletion
of the economic model in force since the 1960s and the international financial system’s
crisis, undoubtedly it is equally a result of the actions from the government. This note intends
to demonstrate how this contractionist agenda is much to blame for the difficulties
Brazil undergoes.

JEL Classification: O40; H60.