The Political Construction of Brazil

2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

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Macroeconomia Desenvolvimentista

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)

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The theory of inertial or autonomous inflation

Luiz Carlos Bresser-Pereira and Yoshiaki Nakano

Chapter 3 of Bresser-Pereira and Nakano, The theory of inertial inflation. Boulder, Co: Lynne Rienner, 1987: 65-82. Translation of "Fatores aceleradores, e mantenedores da inflação"(1983).


One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. Money is an essentially sanctioning factor to the extent that it is endogenous. The maintaining factor is formal and informal indexation. The accelerating factors vary

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