NAKANO, Yoshiaki
By: Pereira, Luiz Carlos Bresser
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ArticlePublisher: São Paulo : Brasiliense, out./dez. 1991Revista de Economia Política = Brazilian Journal of Political Economy 11, 4, p. 89-114Abstract: In this paper are analyzed (1) the conditions that gave rise to hyperinflation in early 1990, (2) the alternative programs of stabilization that were being suggested, and (3) the stabiliza-tion plan that was finally adopted, the Collor Plan, whose failure the authors, writing in June 1990, predict already in the title of the paper: the first Collor Plan. This plan examined according to (1) the logic behind freezing 70% of the financial assets; (2) the fiscal adjust-ment aspect; (3) the monetary or liquidity question; (4) the demand problem; and finally (5) the causes of the resurgence of inflation with recession. For this analysis, the authors utilize a neo-structuralist approach to the inertial or autonomous inflation prevailing in Brazil
In this paper are analyzed (1) the conditions that gave rise to hyperinflation in early 1990, (2) the alternative programs of stabilization that were being suggested, and (3) the stabiliza-tion plan that was finally adopted, the Collor Plan, whose failure the authors, writing in June 1990, predict already in the title of the paper: the first Collor Plan. This plan examined according to (1) the logic behind freezing 70% of the financial assets; (2) the fiscal adjust-ment aspect; (3) the monetary or liquidity question; (4) the demand problem; and finally (5) the causes of the resurgence of inflation with recession. For this analysis, the authors utilize a neo-structuralist approach to the inertial or autonomous inflation prevailing in Brazil
Revista de Economia Plítica 1991
v. 11, n. 4(44)
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