Exchange rate, dollarization and competitiveness
Differently from previous situations, inflation in Brazil follows a very difficultequilibrium: it remains very high, but do not explode in a hyperinflation. This process leadsto faint output and persistent inflation-based distortions. The author suggests a Koreaninspiredsolution, where the State has...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1991 |
| País: | Brasil |
| Institución: | EDITORA 34 |
| Repositorio: | Revista de Economia Política |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1474 |
| Acceso en línea: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1474 |
| Access Level: | acceso abierto |
| Palabra clave: | Exchange rate dollarization economic growth inflation Câmbio dolarização crescimento econômico inflação |
| Sumario: | Differently from previous situations, inflation in Brazil follows a very difficultequilibrium: it remains very high, but do not explode in a hyperinflation. This process leadsto faint output and persistent inflation-based distortions. The author suggests a Koreaninspiredsolution, where the State has an active role in promoting industries and exports.An important instrument is the exchange rate. JEL Classification: E31; L52; F31. |
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