Business

Is printing money the solution for the Brazilian crisis?

With no room to increase public spending and a pressing need for investment, Brazilian economists suggest it may be time to employ quantitative easing

Is printing money the solution for the Brazilian crisis
Still via Globo

Preparing a country to battle the Covid-19 pandemic requires resources. Simultaneously, governments have to organize their national health systems — if they have them — avoid letting companies go bankrupt, and provide support to the unemployed and most vulnerable strata of the population. Around the world, these mounting duties led to the quasi-consensus that governments would have to increase public spending. In Brazil, however, with the public debt reaching 75 percent of GDP before the pandemic hit, the country has very little wiggle room to ramp up spending. The solution, according to some economists, is an unorthodox tool called...

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