Brazil Responses to the International Financial Crisis: A Successful Example of Keynesian Policies?

  • André Moreira Cunha UFRGS, Departament of Economics; CNPq, Brazil
  • Daniela Magalhães Prates Unicamp, Departament of Economics; CNPq; Brazil
  • Fernando FerrariFilho UFRGS, Departament of Economics; CNPq, Brazil

Abstract

The paper analyses the economic policy responses of the Brazilian government to the international financial crisis. In doing so, the paper aims to answer a specific question: Can the economic policies implemented in 2008-09 be identified as Keynesian economic policies? It concludes that, despite the fact the Brazilian economic policies response to the international financial crisis seems remember Keynesian economic policies, it is not possible to argue that the recovery of the Brazilian economy can be considered a Keynesian show-case.


Key words: International financial crisis, Keynesian economic policies, Brazilian government reaction.
JEL: E12, O52.

How to Cite
Cunha A.M., Prates D.M., & FerrariFilho F. (2011). Brazil Responses to the International Financial Crisis: A Successful Example of Keynesian Policies? Panoeconomicus, 58(5), 693-714. doi:10.2298/PAN1105693М