A Estabilização Em Dois Registros
This paper explores the contribution and evolution of Pérsio Arida concept about the stabilization of high and chronic inflation in the brazilian economy. He was an important economist of the team responsible for the formulation of Cruzado Plan and Real Plan. In the beginning, the heterodox stabilization with indexed money was presented as better than others stabilizations alternatives because of two stressed characteristics: the stabilization program would be almost painless and guided by the neutrality principle. However, both the neutrality and almost painless notions will be abandoned in yours reflections after several failed stabilizations in Brazil.
|Date of creation:||2004|
|Date of revision:|
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|Order Information:|| Postal: Secretaria da ANPEC Rua Prof Marcos Valdemar de Freitas Reis s/n Campus do Gragoatá Bloco F Niterói, RJ 24210-201 Brazil|
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- Persio Arida, 1985. "Macroeconomic issues for Latin America," Textos para discussão 87, Department of Economics PUC-Rio (Brazil).
- Bacha, Edmar, 1997. "Plano Real: uma segunda avaliação," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1541, March.
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