Evaluating Intervention-Crisis-Disintervention Cycles in Brazil, 1989-2019: An Exploratory Proposal

Classical liberal economists have proposed a theory of intervention-crisis-disintervention cycles that allow us to find the right moment to promote market liberalization. Our project seeks to understand the Brazilian cycle since its democratic opening in the 1980s as a way of enhancing the impact of free market policies. Following the Brazilian presidential elections of 2018, Brazil is entering, in our view, a new phase of disintervention. An appropriate framing of the issue is paramount for a successful design of strategies in the pursuit of sustainable long-term liberalization.