IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-39010-2_11.html
   My bibliography  Save this book chapter

The Interest Rate During the Lula Government: A Research Agenda

In: Political Economy of Brazil

Author

Listed:
  • Carlos Vidotto

    (Universidade Federal Fluminense)

  • João Sicsú

    (Universidade Federal do Rio de Janeiro)

Abstract

Brazilian interest rates have been consistently high, despite their downward trend in 2006. The real interest rate has rarely been below ten per cent for several years, which seems to be its floor level. Several explanations have been offered for this phenomenon, with important implications to the economy. High interest rates are allegedly used to tame inflation and/or regulate the exchange rate. However, one might argue that high interest rates induce a permanent fiscal imbalance, because of the heavy burden of the domestic public debt, and do not allow the rate of unemployment to fall, due to the restrictions imposed on demand.

Suggested Citation

  • Carlos Vidotto & João Sicsú, 2007. "The Interest Rate During the Lula Government: A Research Agenda," Palgrave Macmillan Books, in: Philip Arestis & Alfredo Saad-Filho (ed.), Political Economy of Brazil, chapter 11, pages 180-193, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-39010-2_11
    DOI: 10.1057/9780230390102_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:palchp:978-0-230-39010-2_11. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.