IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v15y1995i2p179-204id1235.html
   My bibliography  Save this article

The Brazilian inflation and the “Real Plan”

Author

Listed:
  • Jeffrey Sachs
  • Álvaro Zini Jr.

Abstract

By most standards, Brazilian inflation has been the most intractable in worldhistory. The time span of high Brazilian inflation is unparalleled: inflation has exceeded 50percent per annum every year since 1979 and has been at double digit rates every year since1957. Even Argentina, the perennial rival of Brazil for the dubious distinction or longestrunninghigh inflation, has achieved price stabilization since April 1991. There have beeninnumerable major and minor attempts at Brazilian stabilization, including at least five major“Plans” since 1986. Each has failed. Brazil is currently in the midst of another majorstabilization attempt, the Plan Real. This paper assesses the difficulties inherent in Brazilianstabilization programs, and the prospects for the Plan Real, including its particular motivationsand its chances for success. JEL Classification: E31; E52.

Suggested Citation

  • Jeffrey Sachs & Álvaro Zini Jr., 1995. "The Brazilian inflation and the “Real Plan”," Brazilian Journal of Political Economy, Center of Political Economy, vol. 15(2), pages 179-204.
    • Handle: RePEc:ekm:repojs:v:15:y:1995:i:2:p:179-204:id:1235
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1235/1220
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Inflation; stabilization; Real plan;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:15:y:1995:i:2:p:179-204:id:1235. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.