Criticism of the orthodox prescription

Abstract

1980 could be considered as the end of the growth phase that came after the
Brazilian economic “miracle”. High inflation, crisis in the balance of payments and a challenging
international scenario point to a difficult path for Brazil. This article presents some
analyses of the current scenario, of the government policy responses and what are the prospects
for the future whilst criticizing the orthodox responses.

JEL Classification: E31; O11; E60.