The Monetary and Fiscal History of Latin America: The Case of Brazil

The Monetary and Fiscal History of Latin America: The Case of Brazil

In Brazil, five stabilization plans in less than a decade failed to cure hyperinflation. The Real Plan adopted in the mid-1990s worked and has kept the price level relatively stable. In this presentation, Márcio Garcia tries to understand why. He find...

Summary

In Brazil, five stabilization plans in less than a decade failed to cure hyperinflation.

The Real Plan adopted in the mid-1990s worked and has kept the price level relatively stable. In this presentation, Márcio Garcia tries to understand why. He finds a tight link between inflation and money growth.