Administrative policy to control inflation

Vol. 4 No. 3 (1984)

Jul-Sep / 1984
Published July 1, 1984
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bresser-Pereira, Luiz Carlos, and Yoshiaki Nakano. 1984. “Administrative Policy to Control Inflation”. Brazilian Journal of Political Economy 4 (3):412-33. https://doi.org/10.1590/0101-31571984-3105.
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Administrative policy to control inflation

Luiz Carlos Bresser-Pereira
Fundação Getúlio Vargas, São Paulo/SP, Brasil.
Yoshiaki Nakano
Fundação Getúlio Vargas, São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 4 No. 3 (1984), Jul-Sep / 1984, Pages 412-433

Abstract

After summarizing a model of autonomous or administered inflation presented
in another paper, the authors analyse the Keynesian and monetarist policies of controlling
inflation. Finally, they discuss at length an alternative policy of price stabilization – an administrative
policy – based on price controls and programmed deindexation, associated with
moderate growth of the economy and followed by monetary and fiscal adjustment.

JEL Classification: E31.


Keywords: Monetary policy inflation stabilization price control

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