Limites do Novo Consenso Macroeconômico e Surgimento de uma Macroeconomia Financeira
DOI:
https://doi.org/10.14393/REE-v35n1a2020-45014Abstract
The main purpose of this paper is to describe and analyze the fiscal and monetary policies adopted by the USA in the period from 2000 to 2017, based on the New Macroeconomic Consensus (NCM) established by New Keynesian authors, showing to the reader the missing elements in the NCM capable of explain the financial crisis of 2008. The results indicate that the high level of private – not public – debt is the key element of economic crises which contributes to explain the reality and financial relations among economic agents in the United States.
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