Leal, Matheus Cardoso; Nakane, Márcio Issao - In: Latin American journal of central banking : LAJCB 6 (2025) 1, pp. 1-19
During the 2008 Great Recession, the adoption of counter-cyclical economic policies made the Brazilian economy more resilient. However, a noteworthy shift occurred in 2014, marked by a deterioration in Brazil's macroeconomic landscape, primarily driven by a worsening debt situation....