Revisiting the inercialist debate of Brazilian inflation
Brazilian Journal of Political Economy, Vol. 38 No. 3 (2018), Jul-Sep / 2018, Pages 489-509
The aim of this paper was to investigate the inertial inflation’s theory represented by the versions of economists from PUC-RJ and FGV-SP, emphasizing the theoretical elements present in each and how it materialized in the stabilization proposals for the Brazilian economy. Although there is a common background, the theories are substantially different. The conclusions suggested that the inercialist theories can’t be considered a uniform theoretical framework, especially with respect to break with orthodoxy and monetary conception, distributive conflict and stabilization’s plan and the necessity of neutrality distributive.
JEL Classification: B0; B22.
Keywords: Inertial Inflation’s Theory Comparative Perspective and Economics’ Thought History