Vol. 14 No. 1 (1994)
Jan-Mar / 1994
Published January 1, 1994
How to Cite
Bacha, Edmar Lisboa. 1994. “O Fisco E a inflação: Uma interpretação Do Caso Brasileiro”. Brazilian Journal of Political Economy 14 (1):1-17. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1264.
O fisco e a inflação: uma interpretação do caso brasileiro
Abstract
Available “fundamentalist” interpretations of Brazilian inflation seem unable to explain why Brazil has such high rate of inflation with such a small public sector operational deficit. An attempt is made to explain this paradox with the use of the concepts of potential deficit with zero inflation and the inflationary erosion of budgeted government expenses. The conclusion is that the resolution of the Brazilian inflationary conflict involves the transfer, to local governments or the private sector, of a significant share of the current functions of the federal government.