inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that … dividend of a rapidly expanding labor force is fading and further structural declines in unemployment are likely to be limited …

emphasis of this book is on unemployment (and distribution more generally, including high compensation for finance â … recommended) higher inflation and depreciation of the currency. He advocates non-transparent default on public debt in real terms … through higher inflation. Though he is very critical of Efficient Market Hypothesis, he is silent on advances in behavioural …