IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v5y1985i1p3-18id1830.html
   My bibliography  Save this article

Recession and interest rates: Brazil in the early 1980s

Author

Listed:
  • Pérsio Arida
  • André Lara Resende

Abstract

The Brazilian economy faces the deepest contraction in its economic activity ofthe last sixty years. The declining output per capita for the period 1980/83 merits comparisonwith that of the period 1928/33. Using semi-official, conservative more severe than thatof 1928/33. That current pression was unleashed by growing difficulties in meeting obligationsin foreign exchange is beyond doubt. This article argues that the present form of adjustmentto the external crisis is inadequate. The burden of external debt was needlesslymagnified by policies which erroneously identify the interest rate as the crucial adjustmentvariable. JEL Classification: F34; O40; E61.

Suggested Citation

  • Pérsio Arida & André Lara Resende, 1985. "Recession and interest rates: Brazil in the early 1980s," Brazilian Journal of Political Economy, Center of Political Economy, vol. 5(1), pages 3-18.
    • Handle: RePEc:ekm:repojs:v:5:y:1985:i:1:p:3-18:id:1830
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1830/1816
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Recession; interest rates; debt crisis; external debt;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:5:y:1985:i:1:p:3-18:id:1830. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.