From Cruzado to Collor: Stabilization Plans and Agriculture

Gervásio Castro de Rezende ()

Brazilian Journal of Political Economy, 1992, vol. 12, issue 2, 267-286

Abstract: This paper traces the macroeconomic roots of the current agricultural crisis. Itshows that the increase in inflationary instability after 1986, and the policies adopted by theGovernment, since then, to fight hyperinflation, caused the terms of trade of agriculture tobe- come much more unstable, at the same time that the Government pulled back the supportthey had been providing to agriculture; these adverse conditions ultimately caused thereduction of activity levels in agriculture in 1989 and 1990. The paper concludes by pointingout the implications for the current stabilization strategy. JEL Classification: Q18; Q11.

Keywords: Macroeconomic effects on agriculture; inflation; crop loss (search for similar items in EconPapers)
Date: 1992
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