
IMF Therapy for Brazil
Dec 11, 2015 & argue that the country has little choice but to negotiate an adjustment program.
Monica de Bolle is Professor of Macroeconomics, Pontifical Catholic University, Rio de Janeiro and Nonresident Senior Fellow, Peterson Institute for International Economics.
Dec 11, 2015 & argue that the country has little choice but to negotiate an adjustment program.
Huge fiscal and monetary stimulus programs have sparked a growing debate about whether advanced economies may sooner or later experience the sort of rapid price growth last seen a generation ago. While stimulus advocates point to current weak demand and the public’s deeply ingrained low-inflation expectations, anxious hawks fear that a new and dangerous global inflationary consensus may be taking hold.