Conventions and the Brazilian Fiscal Policy to Face the Aftermath of the COVID-19 Economic Crisis: a Post Keynesian view

M F d C Resende

Economic Issues Journal Articles, 2023, vol. 28, issue 1, 21-42

Abstract: With the exception of 2020, when Brazilian GDP fell because of COVID-19, the policy of 'expansionary fiscal austerity' has been implemented in Brazil since 2015, but with poor results in terms of economic growth. From the Post-Keynesian perspective, sustainable economic growth depends on investment and the latter depends on optimistic conventions. This article analyses the feasibility of a Keynesian fiscal policy to resume Brazilian economic growth and the role of conventions for the success of fiscal policy.

Keywords: Conventions; Economic Crisis; Fiscal Policy (search for similar items in EconPapers)
JEL-codes: D84 E12 E62 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.economicissues.org.uk/Files/2023/EI_March2023_resende.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eis:articl:123resende

Access Statistics for this article

More articles in Economic Issues Journal Articles from Economic Issues Contact information at EDIRC.
Bibliographic data for series maintained by Dan Wheatley ().