Fernando Ferrari Filho
Luiz Fernando de Paula and Fernando Ferrari-Filho
Fernando Ferrari Filho and Pedro Cezar Dutra Fonseca
Academic discussion of Brazil's economic growth is currently framed in terms of export-led growth and wage-led growth, identified, respectively, with the new- developmentalism and the social-developmentalism approaches. This article presents a Keynesian–Institutionalist proposal to the Brazilian economy based on a wage-led regime without neglecting the long-run balance of payment current account requirement to ensure macroeconomic stability in the Brazilian economy.