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Stabilization in an adverse environment: the 1987 Brazilian experience

ABSTRACT

This paper is both a first-hand account of the stabilization programs that Brazil tried during the mid-to-late-1980s to combat inflation and considerations regarding how to promote efficient reforms. The main concern is how economic policy is not separated from political processes and that only with political support it is possible to achieve the necessary reforms.

KEYWORDS:
Inflation; stabilization

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E-mail: cecilia.heise@bjpe.org.br