In 2015, Brazil started to implement a fiscal policy based on austerity, following with some years of delay the path that many European countries, such as Greece, Portugal and Spain had entered into right after the 2008 international financial crisis. In Europe, the results of this policy choice are well-known. As summarized by Joseph Stiglitz, […]
Norberto Montani Martins, Federal University of Rio de Janeiro (UFRJ) and National Council for Scientific and Technological Development (CNPq). He is a former Senior Analyst at the Brazilian Financial and Capital Markets Association (Anbima).