| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2142 |
| 来源ID | Working Paper 2142 |
| Brazil's Tropical Plan | |
| Eliana A. Cardoso; Rudiger Dornbusch | |
| 发表日期 | 1987-02-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | This paper highlights the institutional features of the inflation process and contrasts two stabilization efforts in 1964-66 and in 1986.The inflation process in Brazil is highly institutional. It does not resemble hyperinflations where pricing and wage setting are geared to the exchange rate by the hour, making it possible to stop inflation by simply containing money creation and fixing the exchange rate. The two stabilization programs demonstrate that an incomes policy is an essential ingredient to non-recessionary stabilization. But they also show that demand restraint is inevitable if disinflation is to be viable. The 1964 program was gradualist and two-handed, relying on the supply side on wage repression. The 1986 plan was a heterodox shock treatment centered around an uncompromising price freeze and paying insufficient attention to the need for fiscal restraint. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w2142 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559396 |
| 推荐引用方式 GB/T 7714 | Eliana A. Cardoso,Rudiger Dornbusch. Brazil's Tropical Plan. 1987. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2142.pdf（147KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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