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Recession, inflation and foreign debt

Author

Listed:
  • Ignácio Rangel

Abstract

When the economy is in recession, inflation accelerates in the Brazilian economy.In order that prices go up during recession corporations, in an oligopolist economy, reduceproduction and increase prices, instead of doing the contrary, as conventional economiesteach. To overcome recession, it is necessary that entrepreneurs take advantage of the newopportunities for investment in new dynamic sectors of the economy. In Brazil, public utilitiesare the sector that has more opportunities for growth. Private enterprises, national andmultinational, that have now idle capacity and excess savings will transfer these savings. Topublic utilities as soon as institutional and financial arrangements make this possible. JEL Classification: E32; D43.

Suggested Citation

  • Ignácio Rangel, 1985. "Recession, inflation and foreign debt," Brazilian Journal of Political Economy, Center of Political Economy, vol. 5(3), pages 323-344.
    • Handle: RePEc:ekm:repojs:v:5:y:1985:i:3:p:323-344:id:1851
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1851/1837
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    More about this item

    Keywords

    Recession; inflation; business cycle;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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