NUMA - Núcleo de Meio Ambiente

URI Permanente desta comunidadehttps://repositorio.ufpa.br/handle/2011/3273

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Agora exibindo 1 - 3 de 3

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Alternativas de financiamento dos investimentos públicos: um resgate às contribuições de Keynes
(Associação Keynesiana Brasileira, 2021) CARVALHO, André Cutrim; CARVALHO, David Ferreira; SANTOS, Cleyson Silva dos; OLIVEIRA, Luana Isabel Silva de
The thirties are known by economists as being the decade of the Crisis of 29 and also the years of non-stagnation of the economic policy of the US government, as well as of several European countries. Keynesian economic policies, despite many successful experiences, have continued to be “attacked” since the launch of Master Keynes's General Theory. It is possible to attribute its success by significantly reducing unemployment rates, mainly by increasing public investment spending. This is because the main “weapon” that the government can use to reduce the high level of unemployment, when an economy is in a cyclical state of recession or depression, is public investment, preferably that investment in basic social capital and generation of socioeconomic infrastructure. In this article, we intend to discuss the economic importance of financing public investments and its implications, based on Keynes's theory. For this, it is urgent to adopt an exploratory-qualitative approach as a methodological procedure.The main conclusion is that government investment decisions, especially in public works of great socioeconomic reach, can break through the barrier of mistrust in relation to the uncertain future and recover the animal spirit of the investing entrepreneur in times of crisis. Keynes is certainly the right choice among the many economists who have contributed to the economic sciences, as it has motivated governments, statesmen, policy makers, the academy, and the opinion of those who support their systems of ideas in the literature of political philosophy and science economic conditions outside the mainstream.
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A evolução da teoria quantitativa da moeda: uma perspectiva de compreensão histórico-teórica
(Associação Keynesiana Brasileira, 2021) CARVALHO, David Ferreira; CARVALHO, André Cutrim; SANTOS, Cleyson Silva dos; OLIVEIRA, Luana Isabel Silva de
The Quantitative Theory of Currency (also known as TQM) represents, in essence, the theory used by classical economists to demonstrate that the variation in the general price level is determined by the variation in the quantity of money, when analyzing the economy as a whole. There are different approaches that represent TQM in the field of economic sciences, such as those developed by John Richard Hicks, Irving Fisher, Cambridge School and John Maynard Keynes. This article intends to carry out an extensive analysis around the evolution of TQM from a perspective of historical-theoretical understanding, including presenting – in a critical form – the substance of the version of a new and original TQM equation on entirely different bases from the versions previous ones.
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Política monetária de racionamento de crédito e juros altos no Brasil em 2000-2009: modelo macroeconométrico neo-keynesiano
(Associação Keynesiana Brasileira, 2020) CARVALHO, David Ferreira; CARVALHO, André Cutrim; SANTOS, Cleyson Silva dos
The present article sought to evaluate the performance of the monetary policy of credit rationing in Brazil, especially the behavior of the offer of private bank credits in view of the variations in the default rate of corporate borrowers and, also, of the basic interest rate determined by Central Bank, in the post-implementation period of the macroeconomic tripod until the months that followed the onset of the subprime crisis. In view of the presented scenario, the fundamental objective of this article is to formalize an empirical application based on the theory of credit rationing by Joseph Eugene Stiglitz and by neo-Keynesian authors, applied to the case of the Brazilian money market, in view of the high interest monetary policy in the period between June 2000 and March 2009. The main conclusion is that, despite the rigidity of interest rates on loans, the rationing of bank credit in Brazil is due, on the one hand, to the policy high interest rate and, on the other hand, for the cautious behavior of banks for fear of default, marked by excessive prudence and, above all, by the high basic interest rate.

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