Macroeconomic Performance and Inequality: Brazil 1983-94

Manoel Bittencourt ()

The Centre for Market and Public Organisation from The Centre for Market and Public Organisation, University of Bristol, UK

Abstract: This paper examines how macroeconomic performance affected earnings inequality during the 1980’s and early 90’s in Brazil. The evidence shows that the chronic high inflation existent at the time had a clear and significant effect in raising inequality. The results based on panel time series data and analysis are robust for different concepts of inflation, inequality measures, estimators and specifications. The economic intuition suggests that high inflation rates combined with incomplete indexation coverage more than offset any progressive effect expectedly coming from the debtor and creditor channel. Hence, credible and stable macroeconomic policies, which keep inflation low and under control in the long run is to be a necessary first step of any public policy package implemented to tackle the high levels of inequality existent in Brazil.

Keywords: Inequality; inflation; indexation (search for similar items in EconPapers)
JEL-codes: C50 D30 E31 E32 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2005-01
New Economics Papers: this item is included in nep-lam and nep-mac
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: MACROECONOMIC PERFORMANCE AND INEQUALITY: BRAZIL, 1983–94 (2009)
Working Paper: Macroeconomic Performance and Inequality: Brazil 1983-94 (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:bri:cmpowp:05/114

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