Revisiting the inercialist debate of Brazilian inflation

Vol. 38 No. 3 (2018)

Jul-Sep / 2018
Published February 26, 2020
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Carcanholo Iasco Pereira, Hugo, and Marcelo Luiz Curado. 2018. “Revisiting the Inercialist Debate of Brazilian Inflation”. Brazilian Journal of Political Economy 38 (3):489-509.

Revisiting the inercialist debate of Brazilian inflation

Hugo Carcanholo Iasco Pereira
Doutorando em Economia pelo CEDEPLAR-UFMG, MG - Brasil.
Marcelo Luiz Curado
Professor do Departamento de Economia e do Programa de Pós-Graduação em Desenvolvimento Econômico da UFPR, PR - Brasil.
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