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Inflation and Stabilization Plans

Documentos 1 a 38 de 38



Financiamento da Covid-19, inflação e restrição fiscal

2020. Many rich countries are financing the huge Covid-19 expenditures by monetary emission. Brazil should have done the same. Portuguese version available. (Paper: Brazilian journal of Political Economy) English version available



The Political Construction of Brazil

2017. An encompassing analysis of Brazil's society, economy, and politics since the Independence. A national-dependent interpretation. In the bookstores and in kindle



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.



Entrevista sobre o Plano Bresser (Estado, 01.06.07)

2007. The Bresser Plan was an emergencial attempt to control inertial inflation in a moment of deep crisis, just after the collapse of the Cruzado Plan. Interview: O Estado de S.Paulo).



Plano Bresser: a versão de otenização

Francisco Lopes (2004). Bresser planned to make a second stabilization based on the "otenização" - something very similar to the mechanism that was used in the Plano Real to neutralize inertial inflation (Paper).



Macroeconomia Pós-Plano Real: As Relações Básicas

2005. The perverse macroeconomic model of the Brazilian economy combining high interest rate and low exchange rate with growth with foreign savings and quasi-stagnation. (In edited book, Novo Desenvolvimentismo)*



Crise Économique et Réforme de l'État au Brésil

2002. Economic and political analysis of the fiscal 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



Conflito salarial e consenso antiajustamento do Plano Bresser ao Plano Verão

1996. Maria Hermínia Tavares de Almeida writes on the Bresser Plan. (Chapter of a book)



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



The failure to stabilise

1993. Brazil's failure to achieve price stabilization is essentially a consequence of the incompetence of authorities (and IMF) in acknowledging the inertial character of inflation and the lack of political support for fiscal adjustment. (Lecture in London)



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)



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")



Heterodoxia e ortodoxia no Plano Bresser

1993. Economic heterodoxy should not be confused with economic populism. The Bresser-Plan was both heterodox and orthodox. (Conjuntura Econômica")



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)*



O décimo-primeiro plano de estabilização

1992. The 1991 IMF sponsored stabilisation plan (the 11th plan since 1979) with Marcilio Marques Moreira as finance minister will fail because it ignores the inertial character of inflation in Brazil. The size of the fiscal and foreign debt and the lack of support of society for a severe adjustment are additional causes. (Paper in book edite by Reis Velloso)



O Décimo Primeiro Plano (Folha, 26.12.91)

1991. The Marcilio Plan being signed with IMF will fail because it ignores the inertial character of the Brazilian inflation. (Article: Folha de S.Paulo)



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)



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) *



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)



Os Tempos Heróicos de Collor e Zélia

1991. Collection of articles analysing the rights and wrongs that characterized the first two extraordinary years of the Collor administration. After that, a change of ministry inaugurated the rendition of Brazil to the Washington consensus. (Editora Nobel). Nas livrarias e em pdf.



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)



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).



Um congelamento preparado e aberto

1990. Given the failure of the Collor Plan, the new stabilization plan must be a transparent and well prepared price freze.(Paper in book edited by JP Reis Velloso)



As Incertezas do Plano Collor

1991. A positive assessment of the Collor Plan 60 days after it was anounced. (Paper: Revista Brasileira de Economia)



O Plano Collor e a volta da inflação

1990. Three months after the Collor Plan, the prediction of its failure. A critique of the monetarist and of the Keynesian explanation only a neo-structuralist approach based on distributive conflict and indexation can explain the return of inflation.(Paper: Indicadores Econômicos FEE)



Expériences d'un gouvernement: le ministère des Finances au Brésil

1989. A testimony to IUPERJ on the author's experience as Finance Minister in Brazil. I receive the finance ministry when the Great Debt Crisis of the 1980s reaches its peak with the failure of the Cruzado Plan. The emergence "Bresser Plan", and the negotiation of the foreign debt. Available in Portuguese, and in an extended version. (Published in Problèmes d'Amérique Latine)



Jogo Aberto: Entrevistas com Bresser-Pereira

1989. Interviews given by Bresser-Pereira while he was Finance Minister of Brazil, edited by Carlos Alberto Sardenberg. (Book: Editora Brasiliense). Disponível em pdf.



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)



Experiências de um governo

1988. A testimony to IUPERJ (Wanderley Guilherme dos Santos) on the authors experience as Finance Minister of Brazil. Available in French, and also an extended and revised version.(Discussion paper, IUPERJ)



Plano de Controle Macroeconômico

1987. Macroeconomic Control Plan.



Pronunciamento lançando o Plano de Estabilização

Pronunciamento na Reunião do Conselho de Desenvolvimento Econômico. Junho 1987.



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)



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 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".




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