Challenges of President Dilma Rousseff’s Second Term

Authors

  • José Luis da Costa Oreiro Brazilian Keynesian Association

DOI:

https://doi.org/10.33834/bkr.v1i1.29

Keywords:

Brazilian economic downturn, exchange rate, government budget adjustment

Abstract

This paper aims at analysing the challenges that will be faced by the President of the Brazil, Dilma Rousseff, in her second term in office. We argue that the fundamental challenge to the federal government is to restore the dynamism of the manufacturing industry, which requires a significant, nevertheless gradual, real exchange rate devaluation. Thus, the necessary government budget adjustment must be focused on tax increases in the short term and on the containment of the growth pace of the government current spending.

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Published

2015-05-11

How to Cite

Oreiro, J. L. da C. (2015). Challenges of President Dilma Rousseff’s Second Term. Brazilian Keynesian Review, 1(1), 103–107. https://doi.org/10.33834/bkr.v1i1.29

Issue

Vol. 1 No. 1 (2015)

Section

Current Economic Issues

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