The impact of the world economic crises on the behavior of Brazilian macroeconomic variables

Abstract

Economic crises are usually preceded by weaknesses, which involve one or more macroeconomic variables. Thus, crises originate from imbalances caused by insufficient supply of certain needs of economic agents, essentially focused on supply and demand. After the 2000s there were crises in the country that negatively impacted the economic system. Despite the recovery of the economy in the period between crises, the impacts on the economic variables were evident. The objective of this study is to identify the behavior of the macroeconomic variables and their relationships in the face of crises, as well as the impact of world crises in Brazil from 2000 to 2020. Pearson's linear correlation was used to identify the behavior of the macroeconomic variables, using the SPSS software. The results found revealed that there are strong correlations and self-correlation of the macroeconomic variables, demonstrating that the measures to mitigate the effects of crises require a thorough analysis, since the stronger the correlation between the variables, the lower their impact and the longer the response period.