International Workshop on Demand-Led Growth (Virtual) July 19-21, 2021
Institute of Economics, Federal University of Rio de Janeiro Rio de Janeiro, State of Rio de Janeiro, BrazilJust before the COVID Pandemic outbreak and its effects on the world economy, developed and developing countries were still struggling with high unemployment and sluggish growth rates. Nominal and real interest rates have reached markedly low levels with adverse effects on economic activity. Fiscal austerity measures seem to have prolonged and worsened the economic performance …
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