Ayres, Joao; Garcia, Márcio Gomes Pinto; Guillen, Diogo; … - 2019
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 …