000 01336naa a2200205uu 4500
001 8011715202019
003 OSt
005 20190212110054.0
008 080117s1998 bl ||||gr |0|| 0 por d
100 1 _aALMONACID, Ruben Dario
_933468
245 1 0 _aA mágica do dr. Gustavo Franco, revisitada
260 _aSão Paulo :
_bEditora 34,
_cabr./jun. 1998
520 3 _adynamic path which implied a) a strong appreciation of the real exchange rate, generating a significant deterioration of the Trade and Current Accounts and b) a heavy use of foreign loans requiring the maintenance of very high interest rates to attract new capital, in order to finance these deficits. Given the numbers involved in the Brazilian experiment, this path is not sustainable in the long run, since the foreign debt grows explosively, implying that, sooner or later, it will need to be corrected. This paper presents some simulations showing some restrictions that an equilibrium path must satisfy
590 _aRevista de Editora Política 1998
590 _av. 18, n 2(70)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g18, 2, p. 90-106
_dSão Paulo : Editora 34, abr./jun. 1998
_xISSN 01013157
_w
942 _cS
998 _a20080117
_b1520^b
_cMariana
998 _a20140211
_b1018^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25482
_d25482
041 _apor