Hyperinflation and stabilization in Brazil: the first Collor Plan

Luiz Carlos Bresser-Pereira () and Yoshiaki Nakano ()

Brazilian Journal of Political Economy, 1991, vol. 11, issue 4, 565-591

Abstract: In this paper are analyzed (1) the conditions that gave rise to hyperinflation inearly 1990, (2) the alternative programs of stabilization that were being suggested, and (3)the stabilization plan that was finally adopted, the Collor Plan, whose failure the authors,writing in June 1990, predict already in the title of the paper: “the first Collor Plan”. Thisplan examined according to (1) the logic behind freezing 70% of the financial assets; (2) thefiscal adjustment aspect; (3) the monetary or liquidity question; (4) the demand problem;and finally (5) the causes of the resurgence of inflation with recession. For this analysis,the authors utilize a neo-structuralist approach to the inertial or autonomous inflationprevailing in Brazil. JEL Classification: E31.

Keywords: Inflation; stabilization; Collor Plan (search for similar items in EconPapers)
Date: 1991
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