Vol. 6 No. 3 (1986)
Jul-Sep / 1986
Published July 1, 1986
How to Cite
Bresser-Pereira, Luiz Carlos. 1986. “Inertial Inflation and the Cruzado Plan”. Brazilian Journal of Political Economy 6 (3):343-58. https://doi.org/10.1590/0101-31571986-3009.
Inertial inflation and the Cruzado plan
Abstract
On February 28 of 1986 the Brazilian government decided to freeze all prices.
This “heterodox shock “ and the development by Brazilian economists of the theory of inertial
inflation, which served as a theoretical basis for the shock, are here discussed.
JEL Classification: E31.
Keywords: Inflation Cruzado Plan stabilization inertia