TY - JOUR AU - Bresser-Pereira, Luiz Carlos PY - 1998/10/01 Y2 - 2024/03/29 TI - The two price freezes in Brazil JF - Brazilian Journal of Political Economy JA - BJPE VL - 8 IS - 4 SE - DO - 10.1590/0101-31571988-4048 UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1113 SP - 535-552 AB - <p>This paper compares the Cruzado Plan with the Bresser Plan. Both were price<br />freezes based on the theory of inertial inflation. However, while the Cruzado Plan intended<br />to end with inflation, the Bresser Plan was an emergency plan aimed to cope with the deep<br />financial and economic crisis left by the failure of the Cruzado. It achieved this objective. As to<br />inflation, the authors of the plan expected that the rate of inflation would be back to around<br />10 percent in December 1987; the actual rate of inflation in this month was 14 percent.</p><p><strong>JEL Classification:</strong> E31; E52.</p> ER -