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Alta inflación y planes de ajuste en Brasil durante el retorno a la democracia - 1985-1994
[High inflation and adjustment in Brazil during the return to democracy - 1985-1994]

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  • Marongiu, Federico

Abstract

As it also happened in many Latin American countries during the 60s and 70s, inflation became one of the main economic problems in the Brazilian economy. The acceleration of prices and hyperinflation coexisted not only with periods of economic expansion (1956-1979), but also with huge contractions of the economy (1980-1989), and even with periods of major economic reforms(1990-1993). Inflation was perceived as a huge problem by Brazilian economic authorities from 1979 on. Since then, multiple adjustment programs were followed by the different governments with sharp distinctions between orthodox and heterodox programs. This work describes the main adjustment programs designed by economic authorities in the period 1985-1994.

Suggested Citation

  • Marongiu, Federico, 2007. "Alta inflación y planes de ajuste en Brasil durante el retorno a la democracia - 1985-1994 [High inflation and adjustment in Brazil during the return to democracy - 1985-1994]," MPRA Paper 18956, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:18956
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    References listed on IDEAS

    as
    1. RUGE-MURCIA, Francisco J., 1997. "Heterodox Inflation Stabilization in Argentina, Brazil, and Israel. A Historical Review and Some Stylized Facts," Cahiers de recherche 9707, Universite de Montreal, Departement de sciences economiques.
    2. repec:hal:spmain:info:hdl:2441/6922 is not listed on IDEAS
    3. Rudiger Dornbusch & Mario Henrique Simonsen, 1987. "Inflation Stabilization with Incomes Policy Support: A Review of the Experience in Argentina, Brazil and Israel," NBER Working Papers 2153, National Bureau of Economic Research, Inc.
    4. Carlos Eduardo Carvalho, 2003. "O fracasso do Plano Collor: erros de execução ou de concepção?," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 4(2), pages 283-331, July-Dece.
    5. Jérôme Sgard, 2003. "Hyperinflation and the Reconstruction of a National Money: Argentina and Brazil, 1990-2002," Working Papers 2003-01, CEPII research center.
    6. Fonseca, Pedro Cezar Dutra & Monteiro, Sérgio Marley Modesto, 2005. "Credibilidade e Populismo no Brasil: A Política Econômica dos Governos Vargas e Goulart," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 59(2), April.
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    More about this item

    Keywords

    Brazil; fiscal policy; external debt; inflation; hyperinflation;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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