Notes on the Brazilian inflationary process: 1986-1991
The aim of this essay is to examine the 1986-91 Brazilian inflationary process.This essay will take the broadest analytical line, considering the inflationary process resultingfrom the evolutionary dynamics of the elements that affect the aggregate supply anddemand. Regarding the aggregate demand sh...
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| Tipo de documento: | artigo |
| Estado: | Versão publicada |
| Data de publicação: | 1993 |
| País: | Brasil |
| Recursos: | EDITORA 34 |
| Repositório: | Revista de Economia Política |
| Idioma: | português |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1323 |
| Acesso em linha: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1323 |
| Access Level: | Acceso aberto |
| Palavra-chave: | Inflação estabilização Inflation stabilization |
| Resumo: | The aim of this essay is to examine the 1986-91 Brazilian inflationary process.This essay will take the broadest analytical line, considering the inflationary process resultingfrom the evolutionary dynamics of the elements that affect the aggregate supply anddemand. Regarding the aggregate demand shifts we emphasize the relationships betweenfiscal and monetary policies. We stressed that the impact of public sector deficit has beenseen much more as a financing problem rather than the result of its levels. Regarding costswe emphasize the role of the relative price of competitive sectors that are more important indetermining real wages and those of the oligopolistic sector. Our study seems to suggest thatthe causes of Brazilian inflationary process are many and complex and their solution do notdepend solely upon the squeeze of the public sector deficit. JEL Classification: E31. |
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