In:
Brazilian Journal of Political Economy, FapUNIFESP (SciELO), Vol. 13, No. 2 ( 1993), p. 196-215
Abstract:
ABSTRACT The paper discusses the issues involved in three different varieties of stabilization plans: gradualism, dollarization, and social pacts. It is argued that the efficiency of each alternative depends upon special conditions pertaining, by and large to the dynamics of price fixing in the Brazilian economy. Shock alternatives in particular, namely, price freezes or pre-fixing schemes, are said to have their usefulness attached to “backwards looking” price fixing behavior. Gradual strategies, on the other hand, especially when unambiguously orthodox, are said to be more efficient when “forward looking” behavior is adopted by price setters. The paper also discusses the conditions for the application of an Argentinean type dollarization in Brazil and also institutional peculiarities affecting the feasibility of “social pacts” in Brazil.
Type of Medium:
Online Resource
ISSN:
1809-4538
,
0101-3157
Uniform Title:
Alternatives to stabilization: gradualismo, dollarization, and populism
DOI:
10.1590/0101-31571993-0726
Language:
Portuguese
,
English
Publisher:
FapUNIFESP (SciELO)
Publication Date:
1993
detail.hit.zdb_id:
2223731-8
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