The macroeconomic challenge for 2015-2018

Vol. 35 No. 3 (2015)

Jul-Sep / 2015
Published July 1, 2015
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Barbosa Filho, Nelson. 2015. “The Macroeconomic Challenge for 2015-2018”. Brazilian Journal of Political Economy 35 (3):403-25.

The macroeconomic challenge for 2015-2018

Nelson Barbosa Filho
Professor titular da Escola de Economia de São Paulo da FGV, do IE/UFRJ e Pesquisador do IBRE/ FGV.
Brazilian Journal of Political Economy, Vol. 35 No. 3 (2015), Jul-Sep / 2015, Pages 403-425


This paper presents a macroeconomic outlook of Brazil at the end of 2014 and an analysis of the main challenges to its macroeconomic policy in the subsequent years. On one side, the analysis is focused on the relationship between interest rates, growth and the real exchange rate. On the other, the paper also analyzes the multiples aspects and problems of fiscal policy in Brazil. 

JEL Classification: E60; N16.

Keywords: Brazil macroeconomic policy