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From Inertia to Megainflation : Brazil in the 1980s
Cardoso, Eliana - 2021
This paper discusses the acceleration of inflation in Brazil. In the early 1980s, the Brazilian inflation rate … the linkage between Brazil's growing inability to finance the public sector deficit externally after 1982 and the …
Persistent link: https://www.econbiz.de/10013232741
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Moderate Inflation
Dornbusch, Rudiger; Fischer, Stanley - 2021
Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods. In this paper we first set out theories of...
Persistent link: https://www.econbiz.de/10013245721
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Inflation Stabilization with Incomes Policy Support : a Review of the Experience in Argentina, Brazil and Israel
Dornbusch, Rudiger; Simonsen, Mario Henrique - 2021
In 1985-86 Argentina, Brazil and Israel initiated programs of stabilization after episodes of high and sharply … programs in Argentina and Israel have now been in force for over a year and the more recent one in Brazil for half a year …, inertial inflation and the basics of monetary reform. We also review the actual stabilization experience in Argentina, Brazil …
Persistent link: https://www.econbiz.de/10013227053
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Is Disinflation Good for the Stock Market?
Henry, Peter Blair - 2010
When countries attempt to stabilize annual inflation rates that are greater than 40 percent, the domestic stock market appreciates by 24 percent on average. The present value of the long-run benefits to shareholders of reducing high inflation outweighs the present value of the short-run costs....
Persistent link: https://www.econbiz.de/10012763153
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Productivity Growth and Disinflation in Chile
de Gregorio, Jose - 2021
This paper analyzes the role productivity growth had on disinflation in Chile during the 1990s. It argues that productivity growth was key in avoiding the output costs of stabilization in a highly indexed economy. Disinflation from the early 1990s through 1998 was costless. Among the many...
Persistent link: https://www.econbiz.de/10013231866
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The Contribution of China, India and Brazil to Narrowing North-South Differences in Gdp/Capita, World Trade Shares, and Market Capitalization
Wang, Jing - 2012
/capita, shares in world trade and market capitalization attributable both jointly and single to China, India, and Brazil (the three … Brazil. Our calculations show that the majority of the change occurs from growth in these three economies, and the most from …
Persistent link: https://www.econbiz.de/10013113158
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Structural Change, Fundamentals and Growth : A Framework and Case Studies
McMillan, Margaret - 2017
development quest. The sample includes seven developing countries—Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil —all …
Persistent link: https://www.econbiz.de/10012956929
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Political Power, Elite Control, and Long-Run Development : Evidence from Brazil
Ferraz, Claudio; Finan, Frederico; Martinez-Bravo, Monica - 2022
This paper analyzes how changes in the concentration of political power affect long-run development. We study Brazil …
Persistent link: https://www.econbiz.de/10013309352
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The Great Inflation : Did the Shadow Know Better?
Poole, William - 2011
The Shadow Open Market Committee was formed in 1973 in response to rising inflation and the apparent unwillingness of U.S. policymakers to implement policies necessary to maintain price stability. This paper describes how the Committee's policy views differed from those of most Federal Reserve...
Persistent link: https://www.econbiz.de/10013127975
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Inflation Targeting
Svensson, Lars E. O. - 2011
Inflation targeting is a monetary-policy strategy that is characterized by an announced numerical inflation target, an implementation of monetary policy that gives a major role to an inflation forecast and has been called forecast targeting, and a high degree of transparency and accountability....
Persistent link: https://www.econbiz.de/10013131986