Incerteza, expectativas e convenções em política econômica: uma abordagem pós-keynesiana

In monetary economies the dynamics of the economy are determined by firms that make decisions based on the level of production and investment, according to expectations. The paper aims to evaluate the impact of uncertainty on the Bra-zilian economy for the period from 2003 to 2015. It discusses the...

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Bibliographic Details
Published in:Revista de economia Mackenzie 2022-07, Vol.19 (2), p.301-326
Main Authors: Wallace Marcelino Pereira, Douglas Alcântara Alencar, Stefan Wilson D’Amato
Format: Article
Language:eng ; por
Subjects:
brazilian economy
conventions
economic policy
expectations
uncertainty
Online Access:Get full text
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Summary:In monetary economies the dynamics of the economy are determined by firms that make decisions based on the level of production and investment, according to expectations. The paper aims to evaluate the impact of uncertainty on the Bra-zilian economy for the period from 2003 to 2015. It discusses the impact and the way of conducting economic policy with reference to conventional behavior the-ory. The results show that the uncertainty persists on average between 4 and 5 months, and can reach 7 months. Moreover, the political dimension can be a source of stability or uncertainty, which through conventions reduces or prolongs the impulses arising from uncertainties.
ISSN:1678-5002
1808-2785
DOI:10.5935/1808-2785/rem.v19n2p.301-326