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Strato-inflation and High Inflation: The Brazilian Experience

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  • de Carvalho, Fernando J Cardim

Abstract

In the 1970s, a seminal study of inflationary dynamics was published by D. Jackson, H. Turner, and F. Wilkinson of the Department of Applied Economics at Cambridge University. In that study, they observed that besides equilibrium inflationary regimes, one could also identify a new regime called 'strato-inflation,' in which behaviors and institutions were affected by inflation in a fundamental way. This paper examines the notion of strato-inflation and compares it with the alternative notion of a high inflation regime. These concepts are then applied to the analysis of recent Brazilian experience. (c) 1993 Academic Press, Inc. Copyright 1993 by Oxford University Press.

Suggested Citation

  • de Carvalho, Fernando J Cardim, 1993. "Strato-inflation and High Inflation: The Brazilian Experience," Cambridge Journal of Economics, Oxford University Press, vol. 17(1), pages 63-78, March.
  • Handle: RePEc:oup:cambje:v:17:y:1993:i:1:p:63-78
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    Cited by:

    1. Matias Vernengo, 2003. "Balance of Payments Constraint and Inflation," Working Paper Series, Department of Economics, University of Utah 2003_06, University of Utah, Department of Economics.
    2. Leonardo Vera, 2013. "Structural Inflation Redux," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, pages 37-99.
    3. Fernando J. Cardim de Carvalho, 2000. "New competitive strategies of foreign banks in large emerging economies: the case of Brazil," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(213), pages 135-169.
    4. Fernando J. Cardim de Carvalho, 2016. "Looking Into the Abyss? Brazil at the Mid-2010s," Economics Working Paper Archive wp_860, Levy Economics Institute.
    5. A. Saad-Filho, 1998. "Currency Stabilisation under Conditions of International Capital Mobility: The Case of Brazil," CIBS Research Papers in International Business 13-98, London South Bank University CIBS.
    6. Matias Vernengo, 2005. "Money and Inflation: A Taxonomy," Working Paper Series, Department of Economics, University of Utah 2005_14, University of Utah, Department of Economics.

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