Brazil Counter-Cyclical Policy (Barbosa)

Nelson Barbosa published “Latin America: Counter-Cyclical Policy in Brazil 2008-09” in the “Journal of Globalization and Development”. He notes as main lessons: “The Brazilian experience in dealing with the 2008 crash confirms the importance of counter-cyclical policies for developing or emerging economies. … the country must have a stable fiscal situation and, more importantly, enough international reserves”. Annex estimates of the main actions as a por cent of GDP. Access by http://migre.me/12U3N