The New Macroeconomic Matrix and the Great Brazilian Recession

The authors investigate the policies adopted by Brazil after the 2008 financial crisis. It was called the New Macroeconomic Matrix (NMM). They to detail the main measures related to NMM; analyze what causes the Great Brazilian Recession was caused by internal factors (NMM actions) or by external factors; and whether the decade that followed was indeed a lost decade for Brazil. We conclude that NMM measures played an important role in the Great Brazilian Recession and that the 2010s can be characterized as a lost decade for the Brazilian economy.