Brazil 1986-1989: Notes on Stabilization Policies

Authors

  • Jaime Gatica Consultor de PREALC, Santiago, Chile
  • Alejandra Mizala Departamento de Ingeniería Industrial, Universidad de Chile, Santiago, Chile

Keywords:

Brazil, stabilization policies, heterodox programs, inflation, Cruzado plan, public sector deficit

Abstract

In this note, we make a critical review of the Brasilian experience with heterodox stabilization programs (Cruzado; Bresser and Verano), emphasizing those factors which were more important to explain the failure of these programs. The basic insight is that a balanced combination of orthodox with heterodox policies does not guarantee the success of these plans because they do not consider the stock financial disequilibrium of the public sector.

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How to Cite

Gatica, J., & Mizala, A. (2010). Brazil 1986-1989: Notes on Stabilization Policies. Economic Analysis Review, 5(1), 75–88. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/253

Issue

Vol. 5 No. 1 (1990)

Section

Articles

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