Munich Personal RePEc Archive

Alta inflación y planes de ajuste en Brasil durante el retorno a la democracia - 1985-1994

Marongiu, Federico (2007): Alta inflación y planes de ajuste en Brasil durante el retorno a la democracia - 1985-1994.

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Abstract

As it also happened in many Latin American countries during the 60s and 70s, inflation became one of the main economic problems in the Brazilian economy. The acceleration of prices and hyperinflation coexisted not only with periods of economic expansion (1956-1979), but also with huge contractions of the economy (1980-1989), and even with periods of major economic reforms(1990-1993). Inflation was perceived as a huge problem by Brazilian economic authorities from 1979 on. Since then, multiple adjustment programs were followed by the different governments with sharp distinctions between orthodox and heterodox programs. This work describes the main adjustment programs designed by economic authorities in the period 1985-1994.

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