Crise financeira americana e as políticas monetárias não-convencionais

Autores

  • Paulo José Saraiva Universidade Federal Rural do Rio de Janeiro
  • Luiz Fernando de Paula Universidade do Estado do Rio de Janeiro
  • André de Melo Modenesi Universidade Federal do Rio de Janeiro

Palavras-chave:

Novo consenso macroeconômico. Política monetária. Política de afrouxamento monetário. FED. Crise financeira internacional.

Resumo

O artigo tem por objetivo analisar o amplo conjunto de políticas monetárias não-convencionais adotadas nos EUA a partir da crise financeira de 2007-2008, focalizando aspectos conceituais, detalhamento dos programas adotados pelo FED e sua efetividade. Sustenta-se que a utilização de políticas de crédito e quase débito tiveram efeitos significativos sobre as condições financeiras e um conjunto de variáveis macroeconômicas nos EUA, como produto e emprego. Tal resultado levanta questionamentos sobre a efetividade da política monetária convencional e da orientação para frente da política monetária, que eram elementos centrais à visão do Novo Consenso Macroeconômico que antecedeu a crise financeira 2007-2008.

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Biografia do Autor

Paulo José Saraiva, Universidade Federal Rural do Rio de Janeiro

Professor Assistente do Instituto Três Rios da Universidade Federal Rural do Rio de Janeiro (ITR / UFRRJ). Seropédica, RJ, Brasil.

Luiz Fernando de Paula, Universidade do Estado do Rio de Janeiro

Professor Titular da Faculdade de Ciências Econômicas da Universidade do Estado do Rio de Janeiro (FCE/UERJ) / Pesquisador do Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq), Rio de Janeiro, RJ, Brasil.

André de Melo Modenesi, Universidade Federal do Rio de Janeiro

Professor Adjunto do Instituto de Economia da Universidade Federal do Rio de Janeiro (IE/UFRJ) / Pesquisador do CNPq, Rio de Janeiro, RJ, Brasil.

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2017-06-06

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SARAIVA, P. J.; PAULA, L. F. de; MODENESI, A. de M. Crise financeira americana e as políticas monetárias não-convencionais. Economia e Sociedade, Campinas, SP, v. 26, n. 1, p. 1–44, 2017. Disponível em: https://periodicos.sbu.unicamp.br/ojs/index.php/ecos/article/view/8649645. Acesso em: 25 set. 2021.

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