The Brazilian ‘secular stagnation’: Its causes and an agenda to overcome it

Vol. 43 No. 1 (2023)

Jan-Mar / 2023
Published February 28, 2023
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English-PDF

How to Cite

Filho, Fernando Ferrari, and Fabio Terra. 2023. “The Brazilian ‘secular stagnation’: Its Causes and an Agenda to Overcome It”. Brazilian Journal of Political Economy 43 (1):96-109. https://doi.org/10.1590/0101-31572023-3492.
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The Brazilian ‘secular stagnation’: Its causes and an agenda to overcome it

Fernando Ferrari Filho
Retired Professor of Economics at the Federal University of Rio Grande do Sul (Porto Alegre, Brazil), Visiting Professor at the Washington and Lee University (Lexington, United States of America) and at the Meiji University (Tokyo, Japan) and Researcher at CNPq.
Fabio Terra
Associate Professor at the Federal University of ABC (São Bernardo do Campo, Brazil) and in the Graduate Program in Economics at the Federal University of Uberlândia (Uberlândia, Brazil) and Researcher at CNPq.
Brazilian Journal of Political Economy, Vol. 43 No. 1 (2023), Jan-Mar / 2023, Pages 96-109

Abstract

The article has two goals. First, it describes and analyses the reasons for the
Brazilian ‘secular stagnation’ between 2015 and 2021. Second, it outlines an agenda to
assure the Brazilian macroeconomic stability and social development, defined as sustainable
economic growth, inflation under control, fiscal and external equilibria and income
distribution.

JEL Classification: E12; E14; E52; E62; N16.


Keywords: ‘Secular stagnation’ Brazilian economy Keynesian and Institutionalist approaches

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