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Inertial inflation and the Cruzado plan

Authors
Journal
World Development
0305-750X
Publisher
Elsevier
Publication Date
Volume
15
Issue
8
Identifiers
DOI: 10.1016/0305-750x(87)90170-7

Abstract

Abstract On 28 January 1986 the Brazilian goverment decided to freeze all prices. This article examines the “heterodox shock” and the development by Brazilian economist of the theory of inertial inflation, which served as a theoretical basis for the shock.

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