작성자 : 라키스 | 작성일 : 2022-06-17 14:04:07 | 조회수 : 291 |
국가 : 브라질 | 언어 : 영어 | |
출처 : EMERICS | ||
발행일 : 2022-01-08 | ||
원문링크 : https://www.emerics.org:446/researchDetail.es?systemcode=06&mid=a10300000000&brdctsNo=325588&search_option=ALL&search;_keyword=&search;_researchdivcode=&search;_brdctsdivcode=&search_year=2022&search;_month=&search;_tagkeyword=&systemcode=06&search;_regio | ||
This study uses a counterfactual analysis to investigate, from the Brazilian experience, the “perfect storm” resultant from the combination of economic policies on economic growth. Specifically, we analyze whether the combination of economic policies that neglect fiscal balance and low and stable inflation with the adoption of strategies to stimulate economic growth without considering the side effects on the economy harmed economic growth. Our findings, robust to several placebo tests, show Brazil’s growth rate is approximately 2.8 pp below the “synthetic Brazil” growth rate. Furthermore, comprehending the great shocks in the period under investigation, the complementary empirical analysis supports the view that the “perfect storm” is the main factor explaining the underperformance of the Brazilian economic growth. |