Macroeconomia e mais. Recursos para as aulas do Professor Dr. Antony P. Mueller
quinta-feira, 29 de outubro de 2015
Brasil no caminho errado
Are dire public finances hindering the central bank from tackling inflation?
If fast-rising prices are simply a passing effect of the real’s recent fall, which has pushed up the cost of imported goods, then they are not too troubling. But some economists have a more alarming explanation: that Brazil’s budgetary woes are so extreme that they have undermined the central bank’s power to fight inflation—a phenomenon known as fiscal dominance.
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