The Political Construction of Brazil

2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

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Macroeconomia Desenvolvimentista

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)

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A teoria da inflação inercial reexaminada

Luiz Carlos Bresser-Pereira

In José Marcio Rego, org. (1989) Aceleração Recente da Inflação.S.Paulo, Editora Bienal: VII-XXII.


Abstract. While for the São Paulo (FGV) group inertial inflation derives from the distributive conflict, for the Rio (PUC) group it is just originated in the staggered character of price increases. This difference leads Bacha to define a third type of inflation besides the usual one and the inertial to understand its acceleration - what is not necessary for the São Paulo group. In inertial inflation the accelerating factors are endogenous, not exogenous. In order to control inflation conventional monetary and fiscal policies will not work. Yet, after inertia is neutralized though a heterodox chock a stern fiscal policy will be required.

 


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