Professor Bresser Pereira

Inflation

Documentos 1 a 48 de 48

Financing Covid-19, Inflation and the Fiscal Constraint

2020. Many rich countries are financing the huge Covid-19 expenditures by monetary emission. Brazil should have done the same. Portuguese version available. (Paper, Forum for Social Economics

A descoberta da inflação inercial

2009. The history of the discovery of inertial inflation. The role played by the São Paulo (FGV) and the Rio (PUC) groups. (Paper: Revista de Economia Contemporânea)

Inflation targeting in Brazil: A Keynesian approach

2007. With Cleomar Gomes. The paper claimsthat inflation targeting policy was adopted in Brazil before the interest rate trap was faced and solved. This was a mistake because inflation targeting is good to manage monetary policy, not to change the monetary regime as it was in 1999 and still is necessary in Brazil. (Paper in edited book). Portuguese version available.

O salto da poupança interna (Folha, 11.10.04)

2004. Between 1998 and 2003 foreign savings fell 5% and domestic savings increased correspondingly, financed by a reduction in real wages (brought by exchange rate depreciation) and a diminution of the budget deficit. (Article: Folha de S.Paulo)

Crise Économique et Réforme de l'État au Brésil

2002. Economic and political analysis of the crisis of the state from 1980 to 1995 in Brazil. Includes a critical introduction. Portuguese and English versions available. (Book: Maison des Sciences de l'Homme) In bookstores

Incompetência e confidence building por trás de 20 anos de quase estagnação da América Latina

2001. My first paper after leaving the Cardoso administration in June 1999. Incompetence and subordination to the North characterized Latin American economic policies since the early 1980s'. English version available. (Paper: Revista de Economia Política) *

Latin America's quasi-stagnation

2001. First economic paper since I left the Cardoso administration in June 1999. Incompetence and subordination to the North characterized Latin American economic policies since the early 1980s'. Portuguese version available with the original title of the paper, "Incompetência e confidence building por trás de 30 anos de quase-estagnação da América Latina". (Paper in book edited by Paul Davidson).

A Inflação Decifrada

1996. An account of the theory of inertial inflation original definition(Paper in Revista de Economia Política). For a more complete history, see "A descoberta da inflação inercial" (Revista Contemporânea de Economia, 2010).

Crise Econômica e Reforma do Estado no Brasil

1996. The crisis of the state interpretation. Economic and political analysis of the crisis starting in 1980 in Latin America. English and French versions availalble. (Book: Editora 34) Nas livrarias

Economic Crisis and State Reform in Brazil

1996. The 'crisis of the state interpretation'. Economic and political analysis of the crisis starting in 1980 in Latin America. Portuguese and French versions available. (Book: Lynne Rienner Publishers) Available in bookstores

A economia e a política do Plano Real

1994. The logic and the intellectual background of the Plano Real, and a collection of articles published in the press between May 1993 and June 1994 on the successful stabilization plan. (Note: Revista de Economia Política) *

Estabilização em um ambiente adverso: a experiência brasileira de 1987

1993. The Plano Bresser was a 1987 atempt to stabilize prices in Brazil in an adverse environment. English version available. (Paper: Revista de Economia Política).

Stabilization in an adverse environment: The 1987 Brazilian experience

1993. The Bresser Plan - an atempt to stabilize prices in Brazil in an adverse environment. Portuguese version available. (Paper in book edited by John Williamson)

Um mestre da economia brasileira: Ignácio Rangel

1992. With José Marcio Rego. Ignácio Rangel is an highly orginal anaylist of the Brazilian macroeconomy and of its development. (Paper: Revista de Economia Política)

Contra a Corrente: A Experiência no Ministério da Fazenda

1992. Revised version of the testimony to IUPERJ on the author's experience as Finance Minister in Brazil: the major crisis, the "Bresser Plan", and the negotiation of the foreign debt. Non revised version available in French. (In Revista Brasileira de Ciências Sociais")

1992 - A Estabilização Necessária

1992. An analysis of the disastrous IMF sponsored 1992 stabilisation plan with Marcilio Marques Moreira as finance minister. The alternative required policies. (Paper: Revista de Economia Política)*

A Crise do Estado: Ensaios sobre a Economia Brasileira

1992. Collected papers written between 1987 and 1991 analyzing the Brazilian foreign debt crisis, fiscal crisis of the state, and inflation. (Book: Editora Nobel). Esgotado.

A lógica perversa da estagnação: dívida, déficit e inflação no Brasil

1991. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. English version available. (Paper: Revista Brasileira de Economia)

Hiperinflação e estabilização no Brasil: o primeiro Plano Collor

1991. With Yoshiaki Nakano. This paper predicts the failure of the Collor Plan for failing to neutralize inertia, in a moment conventional orthodoxy was sure that it would be successful. English and French versions available. (Paper: Revista de Economia Política) *

Hyper-inflation et stabilisation au Brésil: le premier plan Collor

1991. With Yoshiaki Nakano. This paper predicts the failure of the Collor Plan for failing to neutralize inertia, in a moment conventional orthodoxy was sure that it would be successful. English and Portuguese versions available. (Paper: Revue Tiers Monde)

O fim da inflação inercial na Argentina

1991. Capítulo 11 da 3a. edição de Luiz Carlos Bresser-Pereira e Yoshiaki Nakano Inflação e Recessão, Editora Brasiliense, 1991.

Resíduo inflacionário pós-congelamento e política monetária

1991. With Yoshiaki Nakano. A successful estabilization of high and inertial inflation will depend on the size of the 'inflationary residuum' left after a price freeze is undertaken. Examples in the Collor I and II stabilization plans. (Paper in book edited by Clovis de Faro)

O tigre não morreu (Folha, 27.05.90)

1990. As early as April I said that the Plano Collor failed to control high inflation, despite its strong fiscal and monetary adjustment. (Article: Folha de S.Paulo, 27/5)

Da inflação à hiperinflação: Uma abordagem estruturalista

1990. Between high inertial inflation and hyperiflation we have the present 'indexated hyperinflation' (73%) It is an intermediary stage before full hyperinflation. (Paper in book edited by JM Rego)

Hyperinflation and stabilization in Brazil: The first Collor Plan

1990. With Yoshiaki Nakano. This paper predicts the failure of the Collor Plan for failing to neutralize inertia, in a moment conventional orthodoxy was sure that it would be successful. Portuguese and French versions available. (Paper in book edited by Davidson and Kregel).

A teoria da inflação inercial reexaminada

1989. While monetarists emphasize expectation, the strucuturalist theory of inertial inflation privileges distributive conflict. When prices are being increased in a staggered or indexed way, economic agents cannot change their expectatives: they have to increase prices just to keep their share in income. PUC's Rio de Janeiro group, that participate in the formulation of the theory, are falling in a monetarist trap when they privilege expectations instead of distributive conflict. (Introductory paper in book edited by José Marcio Rego)

A aceleração da inflação inercial

1989. Inertial inflation is accelerating in Brazil and threatening to turn into hyperinflation. An explanation of why inertial inflation is rigid is is to be reduced, but tends to increase as distributive conflict increases. (Paper in book edited by José Marcio Rego)

The perverse macroeconomics of debt, deficit and inflation in Brazil

1989. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. Portuguese version available.(Paper in book edited by Fukuchi and Kagami).

Os dois congelamentos de preços no Brasil: Plano Cruzado e Plano Bresser

1988. A comparisson between the Cruzado Plan (1986) and the Bresser Plan (1987. English version available.(Paper: Revista de Economia Política).

Brazil's inflation and the Cruzado Plan, 1985-1988

1988. A comparison between the Cruzado Plan (1986) and the Bresser Plan (1987). Portuguese version available.(Paper in Pamela Falk's edited book, 1990)

Inertial inflation and the Cruzado Plan

1987. Paper written a four months after the Cruzado Plan was lauched to control inertial inflation. The two main dangers the plan was facing were relative prices desiquilibria left by the plan and an increasing budget deficit. Portuguese version available.(Paper: World Development)

Inflação inercial e Plano Cruzado

1986. Paper written a four months after the Cruzado Plan was lauched to control inertial inflation. The two main dangers the plan was facing were relative prices desiquilibria left by the plan and an increasing budget deficit. "Inflação inercial e choque heterodoxo in Brazil" written with Y.Nakano is a similar work. English version available.(Paper: Revista de Economia Política)

Inflação inercial e choque heterodoxo no Brasil

1986. Paper written a four months after the Cruzado Plan was lauched to control inertial inflation. The two main dangers the plan was facing were relative prices desiquilibria left by the plan and an increasing budget deficit. (Paper in book edited by José Marcio Rego)

O Plano Cruzado

1986. Conferência pronunciada no Seminário "Efeitos do plano de estabilização econômica do governo sobre o ensino e a prática da administração".

Inflação inercial e curva de Phillips

1986. With Yoshikaki Nakano. Inertial inflation is consistent with the Philips that shifts continuously to the right. English version available.(Paper: Revista de Economia Política)

Congelamento setorial e inflação corretiva

1985. With Fernando Dall'Acqua. A price freeze (without the neutralization of inertia) will unbalance relative prices; after some time, inflation will be back. (Note: Carta de Conjuntura).

Inflação e Recessão

1984. With Yoshiaki Nakano. A book of essays on the theory of inertial inflation. English translation: The Theory of Inertial Inflation. (Complete book) Disponível em PDF.

Inertial inflation and the Phillips curve

1984 (1987). With Yoshiaki Nakano. Inertial inflation is consistent with the Philips that shifts continuously to the right. Portuguese version available. (Paper in The Theory of Inertial Inflation. Boulder: Lynne Rienner Publishers, 1987: 109-116).

Administrative policy: gradualism or shock

1984 [1987]. With Yoshiaki Nakano. High inertial inflation can be neutralized by a heroic price freeze combined with conversion tables. The original paper, in Portuguese, was the first proposal of a 'heterodox shock' in Brazil, published in July 1984, in Revista de Economia Política before Chico Lopes' August proposal publihed in a bulletin. (Chapter 4 of Bresser-Pereira & Nakano, The Theory of Inertial Inflation. Boulder: Lynne Rienner Publishers, 1987: 83-107).

Política administrativa de controle da inflação

1984. With Yoshiaki Nakano. High inertial inflation can be neutralized by a heroic price freeze combined with conversion tables. The first proposal of a 'heterodox shock' in Brazil, published in July 1983, in Revista de Economia Política before Chico Lopes' August proposal publihed in a bulletin. English version available. (Paper: Revista de Economia Política

A Armadilha Teórica da Política de Estabilização

1984. With Yoshiaki Nakano. Survey of the book Brasil x FMI: Armadilha da Recessão with articles by Belluzzo, Cardoso, Rezende, Arida. (Survey: Revista de Economia Política)

The theory of inertial or autonomous inflation

1983 [1987]. With Yoshiaki Nakano. Translation of "Fatores aceleradores, mantenedores e sancionadores.da inflação" (1983). The founding paper on the theory of inertial or indexed inflation. Portuguese version available.

Fatores aceleradores, mantenedores e sancionadores da Inflação

1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. English version available. (Paper: Anais do X Encontro Nacional de Economia da ANPEC, December 1983.

Accelerating, maintaining and sanctioning factors of inflation

1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. (Portuguese version available)

A inflação no capitalismo de Estado (e a experiência brasileira recente)

1981 This paper explains stagflation with the administrative or cost theory of inflation emphasizing money endogeneity. This paper contains my first vision of inertial inflation: in one of the sessions I explain high inflation by the fact that firms A, B, and C index their princes increasing them according to the going rate of inflation in a staggered way. (Paper: Revista de Economia Política) *

As Contradições da Inflação Brasileira

1980. Brazilian inflation is consequence of distributive conflict involving the transference of income from the poor to the rich. Monopolist and monopsonist power facilitates such transference. (Paper: Encontros com a Civilização Brasileira)

Uma Crítica aos Herdeiros: Debate sobre a Recessão 74/75

1975. The recession starting in 1974 explained by an increase in the profit rate higher than the increase in the technobureaucrtic middle class' salaries.(Note: Opinião)

Inflação e lucros da empresa (A correção monetária de balanços)

1964. With Sylvio Luiz Bresser-Pereira. The indexation or monetary correction of financial statements. A proposal. See also 1976 article. (Paper: Revista de Administração de Empresas)

Inflation

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