Economics and Politics in Plano Real

Vol. 14 No. 4 (1994)

Oct-Dec / 1994
Published October 1, 1994
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bresser-Pereira, Luiz Carlos. 1994. “Economics and Politics in Plano Real”. Brazilian Journal of Political Economy 14 (4):643-69.

Economics and Politics in Plano Real

Luiz Carlos Bresser-Pereira
Da Fundação Getúlio Vargas. São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 14 No. 4 (1994), Oct-Dec / 1994, Pages 643-669


This paper reviews the political and theoretical developments that lead to the
Real Plan. First, the importance of the discovery of inertial inflation is discussed. Secondly,
the impact of the choice of Fernando Henrique Cardoso for the Ministry of the Economy.
Then, the conditions for the implementation of the URV and the reasons for the superiority
of the plan in comparison to the previous attempts of stabilization of Brazilian economy.

JEL Classification: E31; E52; E58.

Keywords: Inflation stabilization Real Plan