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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Administrative policy: gradualism or shock

Luiz Carlos Bresser-Pereira and Yoshiaki Nakano

Chapter 4 of Bresser-Pereira, Luiz Carlos and Yoshiaki Nakano, The Theory of Inertial Inflation. Boulder: Lynne Rienner Publishers, 1987: 83-107.

Any policy to control inflation must necessarily be related to the corrresponding diagnosis of the causes of the current inflationary process. 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 1984, in Revista de Economia Política before Chico Lopes' August proposal publihed in a bulletin.


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