By choosing an expansionary fiscal path, Brazil traded growth in the middle years of the decade for inflation and a larger debt three years later. Fox and Morley look at the impact of that trade- off on poverty alleviation in Brazil, where in 1987 roughly 45 million people lived in households below the poverty line.
By choosing an expansionary fiscal path, Brazil traded growth in the middle years of the decade for inflation and a larger debt three years later. Fox and Morley look at the impact of that trade- off on poverty alleviation in Brazil, where in 1987 roughly 45 million people lived in households bel...