A note on the impact of stabilization in international trade

Vol. 15 No. 4 (1995)

Oct-Dec / 1995
Published October 1, 1995
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Rocha, Carlos Henrique, and Eraldo Sérgio Barbosa. 1995. “A Note on the Impact of Stabilization in International Trade”. Brazilian Journal of Political Economy 15 (4):609-15. https://doi.org/10.1590/0101-31571995-0825.

A note on the impact of stabilization in international trade

Carlos Henrique Rocha
Sebrae Nacional e Universidade Federal de Brasília – UnB, Brasilia/DF, Brasil.
Eraldo Sérgio Barbosa
Universidade Federal de Brasília – UnB, Brasília/DF, Brasil.
Brazilian Journal of Political Economy, Vol. 15 No. 4 (1995), Oct-Dec / 1995, Pages 609-615

Abstract

This note presents a situation in which the government surprises rational agents
by implementing an anti-inflation policy in place of one that fights against recession. As a
result, a pressure towards the balance of payments superavit is obtained during the impact
period. That conclusion stems from the surprise of the new government policy under a “leaning
against the wind” policy regime.

JEL Classification: F32; F62.


Keywords: Liberalization stabilization balance of payments