The Brazilian Economy since the Great Financial Crisis of 2007/2008

This book examines the performance of the Brazilian economy since the Great Financial Crisis of 2007/2008 with focus on both the productive and financial dimensions, along with distributional and social issues. The book will bring to light the causes of the fast recovery over 2009-2010 as well as of the slowdown after 2011. The chapters use econometric approaches and traditional Keynesian and post-Keynesian theories to empirically analyse the macro scenario. They explore monetary policy, fiscal policy, alongside discussion of investments and the exchange rate market, and an analysis of social policy and its impact on the economy. Front Matter ....Pages i-xvii Introduction (Philip Arestis, Carolina Troncoso Baltar, Daniela Magalhães Prates)....Pages 1-8 Brazil at Crossroads: A Critical Assessment of Developmentalist Policies (Daniela Magalhães Prates, Barbara Fritz, Luiz Fernando de Paula)....Pages 9-39 Monetary Institutions and Macroeconomic Performance in Brazil after the Global Financial Crisis of 2007–2008 (Eliane Araújo, Elisangela Araújo, Fernando Ferrari Filho)....Pages 41-68 Asymmetric Exchange Rate Pass-Through: Evidence, Inflation Dynamics and Policy Implications for Brazil (1999–2016) (Andre de Melo Modenesi, Viviane Luporini, Débora Pimentel)....Pages 69-99 New Features of the Brazilian External Sector Since the Great Global Crisis (André Biancarelli, Renato Rosa, Rodrigo Vergnhanini)....Pages 101-129 Brazilian Industry: Recent Performance and Future Challenges (Celio Hiratuka, Fernando Sarti)....Pages 131-160 Financialisation and Investment Behaviour Among Non-Financial Corporations in Brazil Since the Global Crisis (Ricardo Gottschalk, Edgardo Torija-Zane)....Pages 161-189 Income Distribution, Productivity and Economic Growth: Empirical Evidence in the Case of Brazil (Philip Arestis, Carolina Troncoso Baltar)....Pages 191-217 Brazilian Fiscal Policy in Perspective: From Expansion to Austerity (Rodrigo Octávio Orair, Sergio Wulff Gobetti)....Pages 219-244 Economic and Social Policies Inconsistency, Conventions, and Crisis in the Brazilian Economy, 2011–2016 (Marco Flávio da Cunha Resende, Fábio Henrique Bittes Terra)....Pages 245-272 The Impact of the Global Financial Crisis on the Brazilian Stock Market (Bruno Pontes de Arruda, Michel Ferreira Cardia Haddad)....Pages 273-305 Foreign Exchange Derivatives and Financial Fragility in Brazil (Maryse Farhi)....Pages 307-335 The Brazilian Credit Market During the Great Recession (André Moreira Cunha, Marcos Tadeu Caputi Lélis, Andrés Ernesto Ferrari Haines, Pedro Perfeito da Silva)....Pages 337-363 Back Matter ....Pages 365-377 Introduction / Philip Arestis, Carolina Troncoso Baltar And Daniela Magãlhaes Prates -- Brazil At Crossroads: A Critical Assessment Of Developmentalist Policies / Daniela Magãlhaes Prates, Barbara Fritz And Luiz Fernando De Paula -- Monetary Institutions And Macroeconomic Performance In Brazil After The Global Financial Crisis Of 2007-2008 / Eliane Araújo, Elisangela Araújo And Fernando Ferrari Filho -- Asymmetric Exchange Rate Pass-through: Evidence, Inflation Dynamics And Policy Implications For Brazil (1999-2016) / Andre De Melo Modenesi, Viviane Luporini And Debora Pimentel -- New Features Of The Brazilian External Sector Since The Great Global Crisis / André Biancarelli, Renato Rosa And Rodrigo Vergnhanini -- Brazilian Industry: Recent Performance And Future Challenges / Celio Hiratuka And Fernando Sarti -- Financialisation And Investment Behaviour Among Non-financial Corporations In Brazil Since The Global Crisis / Ricardo Gottschalk And Edgardo Torija-zane -- Income Distribution, Productivity And Economic Growth: Empirical Evidence In The Case Of Brazil / Philip Arestis And Carolina Troncoso Baltar -- Brazilian Fiscal Policy In Perspective: From Expansion To Austerity / Rodrigo Octavio Orair And Sergio Wulff Gobetti -- Economic And Social Policies Inconsistency, Conventions, And Crisis In The Brazilian Economy, 2011-2016 / Marco Flávio Da Cunha Resende And Fábio Henrique Bittes Terra -- The Impact Of The Global Financial Crisis On The Brazilian Stock Market / Bruno Pontes De Arruda And Michel Ferreira Cardia Haddad -- Foreign Exchange Derivatives And Financial Fragility In Brazil / Maryse Farhi -- The Brazilian Credit Market During The Great Recession / André Moreira Cunha, Marcos Tadeu Caputi Lélis, Andrés Ernesto Ferrari Haines And Pedro Perfeito Da Silva. Philip Arestis, Carolina Troncoso Baltar, Daniela Magalhães Prates, Editors. Includes Bibliographical References And Index.