The Real Plan: Stabilization and destabilization

dc.contributorUniversidade Estadual Paulista (UNESP)
dc.creatorCinquetti, Carlos A.
dc.date2014-05-27T11:19:51Z
dc.date2016-10-25T18:16:11Z
dc.date2014-05-27T11:19:51Z
dc.date2016-10-25T18:16:11Z
dc.date2000-01-01
dc.date.accessioned2017-04-06T00:56:08Z
dc.date.available2017-04-06T00:56:08Z
dc.identifierWorld Development, v. 28, n. 1, p. 155-171, 2000.
dc.identifier0305-750X
dc.identifierhttp://hdl.handle.net/11449/66043
dc.identifierhttp://acervodigital.unesp.br/handle/11449/66043
dc.identifier10.1016/S0305-750X(99)00115-1
dc.identifier2-s2.0-0034008243
dc.identifierhttp://dx.doi.org/10.1016/S0305-750X(99)00115-1
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/887680
dc.descriptionThe paper analyzes Brazil's Real Plan, an exchange-rate based stabilization program, implemented in 1994, which mixed a spectacular price stabilization with some serious macroeconomic destabilization. The paper focuses on two of these imbalances: the consumption boom and the financial destabilization; showing that the former represented nothing the reverse side of a collapsed investment boom, which, in turn, led to the financial (banking) crisis. We hold that these instabilities were produced by a policy arrangement in which monetary and fiscal policies alone had to compensate for a largely appreciated, almost fixed, exchange rate anchor. (C) 2000 Elsevier Science Ltd. All rights reserved.
dc.languageeng
dc.relationWorld Development
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectBrazil
dc.subjectConsumption boom
dc.subjectExchange rate anchor
dc.subjectInflation
dc.subjectReal Plan
dc.subjectStabilization program
dc.subjectexchange rate
dc.subjectfiscal policy
dc.subjectmonetary policy
dc.subjectpricing policy
dc.subjectstabilization
dc.titleThe Real Plan: Stabilization and destabilization
dc.typeOtro


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