Brazil Quasi-Stagnation (Bresser-Pereira)

Brazil´s 35 years-old quasi-stagnation and the interest rate-exchange rate trap by Luiz Carlos Bresser-Pereira (10/2016). “Brazil is growing around 1% per capita a year from 1981; this means for a country that is supposed to catch up, quasi-stagnation. Four historical new facts explain why growth was so low after the Real Plan…”

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