The Cruzado Plan: theory and practice

Vol. 8 No. 3 (1988)

Jul-Sep / 1988
Published July 1, 1988
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Marques, Maria Sílvia Bastos. 1998. “The Cruzado Plan: Theory and Practice”. Brazilian Journal of Political Economy 8 (3):435-64.

The Cruzado Plan: theory and practice

Maria Sílvia Bastos Marques
Fundação Getúlio Vargas, Rio de Janeiro. Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 8 No. 3 (1988), Jul-Sep / 1988, Pages 435-464


The purpose of this paper is to review the stabilization experience implemented
in Brazil in 1986. The first section discusses the theoretical foundations of the so-called
Cruzado Plan. A brief review of the performance of the Brazilian economy is presented in
the following section, as well as the main aspects of the stabilization program. The final section
analyses the implementation of the Cruzado Plan, its problems and the management of
economic policy during 1986, and the fírst months of 1987.

JEL Classification: E31; E52.

Keywords: Inflation stabilization Cruzado Plan