1992 – The necessary stabilization

Luiz Carlos Bresser-Pereira ()

Brazilian Journal of Political Economy, 1992, vol. 12, issue 3

Abstract: This essay tries to respond to the question: what is the reason for Brazil beunable to stabilizes its economy? Three complementary responses can be assessed: i) a fiscaladjust is necessary but not enacted; ii) there is not sufficient technical capacity; and, iii) thecountry lacks political will. These are not mutually exclusive and are treated along the textat the same time it is shown that the gradualist approach is not possible. JEL Classification: E31; E42.

Keywords: Inflation; stabilization (search for similar items in EconPapers)
Date: 1992
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