This paper highlights the institutional features of the inflation process and contrasts two stabilization efforts in 1964-66 and in 1986.The inflation process in Brazil is highly institutional. It does not resemble hyperinflations where pricing and wage setting are geared to the exchange rate by...

En este articulo se intenta deducir algunas conclusiones sobre el caracter del proceso inflacionario y las politicas de ajuste brasilenas de un analisis comparativo entre el programa de estabilizacion de 1964 y el Plano Cruzado. Tras un vistazo a los factores institucionales de la inflacion, se...

This paper highlights the institutional features of the inflation process and contrasts two stabilization efforts in 1964-66 and in 1986.The inflation process in Brazil is highly institutional. It does not resemble hyperinflations where pricing and wage setting are geared to the exchange rate by...