A note on the impact of stabilization in international trade

Carlos Henrique Rocha () and Eraldo Sérgio Barbosa ()

Brazilian Journal of Political Economy, 1995, vol. 15, issue 4, 609-615

Abstract: This note presents a situation in which the government surprises rational agentsby implementing an anti-inflation policy in place of one that fights against recession. As aresult, a pressure towards the balance of payments superavit is obtained during the impactperiod. That conclusion stems from the surprise of the new government policy under a “leaningagainst the wind” policy regime. JEL Classification: F32; F62.

Keywords: Liberalization; stabilization; balance of payments (search for similar items in EconPapers)
Date: 1995
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