THE UNFINISHED BRAZILIAN STABILIZATION PLAN

Fernando de Holanda Barbosa ()
Additional contact information
Fernando de Holanda Barbosa: Fundação Getúlio Vargas

Revista de Economia Mackenzie (REM), 2003, vol. 1, issue 1, 11-26

Abstract: This paper identifies the financing of the state as the source of various hype-rinflation episodes in Latin America. In Brazil, the principal undertaking ofthe former government, the stabilization of the economy, is unfinished sincethe fiscal issue has not been resolved. The Real Plan interrupted the finan-cing of the public deficit through the issuance of currency. Nevertheless, it is now being financed with the public debt, producing snowballing indeb-tedness and an effective interest rate that inhibits economic growth. Thenew government has no alternative other than to conclude the work com-menced by President Fernando Henrique Cardoso, approving the fiscal,social security and financial system reforms and putting them into practiceto build a regime of monetary and fiscal policies capable of supporting long-lasting stabilization for the Brazilian economy.

Keywords: Stabilization; Hyperinflation; Economic policy regimes. (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
https://editorarevistas.mackenzie.br/index.php/rem/article/view/756/439 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:1:1:2003:jan:dec:p:11-26

Access Statistics for this article

More articles in Revista de Economia Mackenzie (REM) from Mackenzie Presbyterian University, Social and Applied Sciences Center Contact information at EDIRC.
Bibliographic data for series maintained by Instituto Presbiteriano Mackenzie (IPM) ().