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Incerteza, expectativas e convenções em política econômica: uma abordagem pós-keynesiana

Author

Listed:
  • Wallace Marcelino Pereira

    (Universidade Federal do Pará (UFPA))

  • Douglas Alcântara Alencar

    (Universidade Federal do Pará (UFPA))

  • Stefan Wilson D’Amato

    (Universidade Federal de Minas Gerais (UFMG))

Abstract

In monetary economies the dynamics of the economy are determined by firms that make decisions based on the level of production and investment, according to expectations. The paper aims to evaluate the impact of uncertainty on the Bra-zilian economy for the period from 2003 to 2015. It discusses the impact and the way of conducting economic policy with reference to conventional behavior the-ory. The results show that the uncertainty persists on average between 4 and 5 months, and can reach 7 months. Moreover, the political dimension can be a source of stability or uncertainty, which through conventions reduces or prolongs the impulses arising from uncertainties.

Suggested Citation

  • Wallace Marcelino Pereira & Douglas Alcântara Alencar & Stefan Wilson D’Amato, 2022. "Incerteza, expectativas e convenções em política econômica: uma abordagem pós-keynesiana," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 19(2), pages 301-326, july-dece.
    • Handle: RePEc:aft:journl:v:19:2:2022:jul:dec:p:301-326
    DOI: 10.5935/1808-2785/rem.v19n2p.301-326
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    More about this item

    Keywords

    uncertainty; expectations; conventions; economic policy; Brazilian economy.;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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