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The heterodox stabilization plans: main effects for the brazilian economy in the period 1985 to 1989

Andressa Welter, Caroline and Pereira de Souza Paetzhold, Thiago and Amorim Souza Centurião, Daniel and Beatriz Schneider, Mirian (2021): The heterodox stabilization plans: main effects for the brazilian economy in the period 1985 to 1989. Published in: Brazilian Journal of Development , Vol. 7, No. 3 (8 March 2021): pp. 23814-23836.

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Abstract

This work presented a special emphasis on the heterodox characteristic of the economic policies used between 1985 and 1989, covering all the stabilization plans of the period, whose main objective was control of the inflationary process. In the meantime, the Brazilian economy achieved high rates of inflation and low levels of economic growth, which led the 1980s to be known as the "lost decade" by the economic literature, mainly due to these characteristics. The failure of the heterodox policies in the inflation control had great influence in this process and ended up leaving a very significant legacy of income concentration.

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