IDEAS home Printed from https://ideas.repec.org/a/elg/ejeepi/v18y2021i2p177-197.html
   My bibliography  Save this article

The COVID-19 crisis and counter-cyclical policies in Brazil

Author

Listed:
  • Luiz Fernando de Paula

    (University of the State of Rio de Janeiro)

Abstract

This paper examines the Brazilian economy during the COVID-19 pandemic and the economic policies implemented in 2020 to address the economic and social crisis. Using primary and secondary sources, the article differs in its analysis from other heterodox approaches according to which state action in response to the pandemic crisis in Brazil was weak and inconsistent. It is argued that counter-cyclical actions, especially those relating to emergency aid, have had a strong counter-cyclical effect on the economy and on reducing poverty and social inequality, even though there was no strategy previously coordinated by the federal government. The article concludes that the poor outlook for the Brazilian economy relates to both the resumption of orthodox policies and the unleashing of a second wave of the COVID-19 pandemic, both contributing to a slow recovery of the Brazilian economy.

Suggested Citation

  • Luiz Fernando de Paula, 2021. "The COVID-19 crisis and counter-cyclical policies in Brazil," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 18(2), pages 177–197-1, September.
    • Handle: RePEc:elg:ejeepi:v:18:y:2021:i:2:p177-197
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/journals/ejeep/18-2/ejeep.2021.02.06.xml
    Download Restriction: Restricted Access
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Brazilian economy; COVID-19 crisis; Bolsonaro government;
    All these keywords.

    JEL classification:

    • B32 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Obituaries
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

    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:elg:ejeepi:v:18:y:2021:i:2:p177-197. 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: Phillip Thompson (email available below). General contact details of provider: http://www.elgaronline.com/ejeep .

    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.