Vol. 2 No. 1 (1982)
Jan-Mar / 1982
Published January 1, 1982
How to Cite
Lima, Luiz Antonio de Oliveira. 1982. “Current Economic Policy and the Missteps of Monetarism”. Brazilian Journal of Political Economy 2 (1):130-40. https://doi.org/10.1590/0101-31571982-1139.
Current economic policy and the missteps of monetarism
Abstract
After years of stimulus to foreign indebtment, since 1976 the Brazilian government
has been under great difficulty in closing the gaps in the balance of payments. New
monetary policies have been issued since 1979, under the most orthodox economic theory
guidance. In this paper, we discuss the difficulty in the orthodox policy to present results and
lowering inflation in Brazil.
JEL Classification: E12; E42; E43; E31.
Keywords: monetary supply and demand monetarist policy inflation balance of payments debt crisis