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expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and …
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This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...
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expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and …
Persistent link: https://www.econbiz.de/10012974480