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Latin American Structuralists and Inertial Inflation Theories

Hugo C. Iasco-Pereira (), André Roncaglia () and Marcelo Curado ()

Brazilian Journal of Political Economy, 2025, vol. 45, issue 1, 43-65

Abstract: This study aims at to re-examinate the theories of inertial inflation in light of themethodological debates on the determinants of the production of scientific knowledge in orderto understand whether inertialism was a scientific revolution in relation to the macroeconomicparadigm of the first half of the 1980s and/or a continuation of the approach of the1950s structuralists. For that, the study sought to identify a hard core of common theoreticalelements, by reconstituting the debate between monetarists and inertialists in the 1980s as asecond round of the monetarist-structuralist controversy of the 1950s. The results indicatethat inertialism is best placed as an alternative research program to the mainstream of the 1980s, but that it maintains a high degree of originality as a theoretical development fromthe Latin American structuralist approach. JEL Classification: B21, B59, E31.

Keywords: Theories of inertial inflation; Latin American structuralists; history of economic thought (search for similar items in EconPapers)
Date: 2025
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