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    • The aftermath of 2008 turmoil on Brazilian economy: Tsunami or “Marolinha”? 

      Marçal, Emerson Fernandes; Cunha, Ronan; Merlin, Giovanni Tondin; Simões, Oscar Rodrigues
      Financial events in 2008 had global impacts. We test whether U.S downturn had an impact on Brazilian economic activity and if it was unusual. We run policy ineffectiveness test (Pesaran and Smith [2014, 2016]) and Chow ...