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

Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the … indexation in accounting for the unique features of inflation dynamics in Brazil … crisis in the early 1980s. We show that the high-inflation period (1960-1994) was characterized by a combination of fiscal …

This paper presents a model of a high-inflation economy. The model includes the government budget constraint and money … demand equation of Cagan's 1956 model; an accelerationist Phillips curve that captures inflation inertia; and an aggregate …-spending equation that accounts for the effects of the inflation tax. The paper derives the dynamic effects of fiscal policy, incomes …

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 inflation, which can be classified into those emphasizing …

This paper discusses the acceleration of inflation in Brazil. In the early 1980s, the Brazilian inflation rate … Cruzado Plan failed to stop inflation because of an extremely loose monetary policy coupled with a lack of fiscal austerity …. Repeated price controls have increased the variability of inflation. More recently, the decline in tax collections and the …

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …

individuals below the poverty line. It also argues that inflation affects poverty mainly through its impact on real wages: the …This paper discusses the regressive nature of the inflation tax and she limited extent of its impact on those … empirical evidence shows that wages increase more slowly than prices during episodes of rising inflation in Latin America …