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Revisiting the inercialist debate of Brazilian inflation

Author

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  • Hugo Carcanholo Iasco Pereira
  • Marcelo Luiz Curado

Abstract

The aim of this paper was to investigate the inertial inflation’s theory represented by the versions of economists from PUC-RJ and FGV-SP, emphasizing the theoretical elements present in each and how it materialized in the stabilization proposals for the Brazilian economy. Although there is a common background, the theories are substantially different. The conclusions suggested that the inercialist theories can’t be considered a uniform theoretical framework, especially with respect to break with orthodoxy and monetary conception, distributive conflict and stabilization’s plan and the necessity of neutrality distributive. JEL Classification: B0; B22.

Suggested Citation

  • Hugo Carcanholo Iasco Pereira & Marcelo Luiz Curado, 2018. "Revisiting the inercialist debate of Brazilian inflation," Brazilian Journal of Political Economy, Center of Political Economy, vol. 38(3), pages 489-509.
    • Handle: RePEc:ekm:repojs:v:38:y:2018:i:3:p:489-509:id:84
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    Keywords

    Inertial Inflation’s Theory; Comparative Perspective and Economics’ Thought History;

    JEL classification:

    • B0 - Schools of Economic Thought and Methodology - - General
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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