El 28 de febrero de 1986, con una inflación de 400% anual, el Brasil emprendió su segundo gran esfuerzo de estabilización en veinticinco años. La grafica 1 muestra la historia de la inflación brasileña. En los cinco años transcurridos entre 1959 y 1964 las administraciones crecientemente...

This report brings together three separate, short papers on problems of Brazilian trade and payments. The following topics are addressed: the determinants of export behavior in the manufactures sector, measures of the real exchange rate and the monetary approach applied to the external balance....

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