garnered to support the analytical claim that de-industrialization engenders a floor to inflation rates …The paper focuses some of the non-monetary structural causes of inflationary persistence in Brazil in the post … floor to inflation levels. The framework is set up in terms of inter-sector dynamics in a widely indexed economic setting …

conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … complemented by better exchange rate management (resulting in lower exchange rate and inflation volatility) and more fiscal …