The heterodox stabilization plans: main effects for the brazilian economy in the period 1985 to 1989

Caroline Andressa Welter, Thiago Pereira de Souza Paetzhold, Daniel Amorim Souza Centurião and Mirian Beatriz Schneider

MPRA Paper from University Library of Munich, Germany

Abstract: This work presented a special emphasis on the heterodox characteristic of the economic policies used between 1985 and 1989, covering all the stabilization plans of the period, whose main objective was control of the inflationary process. In the meantime, the Brazilian economy achieved high rates of inflation and low levels of economic growth, which led the 1980s to be known as the "lost decade" by the economic literature, mainly due to these characteristics. The failure of the heterodox policies in the inflation control had great influence in this process and ended up leaving a very significant legacy of income concentration.

Keywords: hyperinflation; economic plans; economic policy. (search for similar items in EconPapers)
JEL-codes: B22 (search for similar items in EconPapers)
Date: 2021-02-08, Revised 2021-03-08
New Economics Papers: this item is included in nep-his, nep-hpe and nep-mac
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Published in Brazilian Journal of Development 3.7(2021): pp. 23814-23836

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:109229

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