The tale of the contagion of two crises and policy responses in Brazil: a case of (Keynesian) policy coordination? by Luiz Fernando de Paula, André de Melo Modenesi and Manoel Carlos C. Pires published by Journal of Post Keynesian Economics (2015). “…The main hypothesis of the paper is that the difference in the performance of the countercyclical policies in both crises is related mainly to Brazil’s lack of coordination of macroeconomic policies in 2011-12, especiallly the implementation of fiscal policy.”
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