Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985

Detalhes bibliográficos
Autor(a) principal: Bastos, Carlos Pinkusfeld
Data de Publicação: 2023
Outros Autores: Bastian , Eduardo F., Bielshowsky, Ricardo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7140
Resumo: Abstract This paper studies the episodes of inflation upsurge in Brazil from 1951 to 1985, a period wherein Brazilian inflation rates were among the highest in the world. It identifies the episodes of inflation upsurge within this period and analyzes whether they were concomitant with and/or preceded by some type of external shock (exchange rate devaluations and/or commodity price shocks). Based on this relationship this paper identifies eight episodes of inflation upsurge and shows that seven out of these eight episodes followed such pattern. We show also that such analysis is strongly associated with the traditional structuralist Latin American inflation theory. Key words: Brazil, cost-push inflation, external shocks. JEL Codes: N16.
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spelling Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985Alguns fatos estilizados sobre choques externos e surtos inflacionários no Brasil, 1951-1985Abstract This paper studies the episodes of inflation upsurge in Brazil from 1951 to 1985, a period wherein Brazilian inflation rates were among the highest in the world. It identifies the episodes of inflation upsurge within this period and analyzes whether they were concomitant with and/or preceded by some type of external shock (exchange rate devaluations and/or commodity price shocks). Based on this relationship this paper identifies eight episodes of inflation upsurge and shows that seven out of these eight episodes followed such pattern. We show also that such analysis is strongly associated with the traditional structuralist Latin American inflation theory. Key words: Brazil, cost-push inflation, external shocks. JEL Codes: N16.Resumo O presente artigo estuda as causas do aumento da inflação no Brasil de 1951 a 1985, período em que as taxas de inflação brasileiras estiveram entre as mais altas do mundo. Para tanto, identifica os episódios de surto inflacionário no Brasil nesse período e observa se eles estiveram relacionados a fatores de pressão de custos, notadamente choques externos (desvalorizações cambiais e / ou choques de preços de commodities. Observa-se que sete dentre os oito episódios de surto inflacionário identificados no período foram precedidos ou concomitantes a alguma forma de choque externo. Mostramos também que essa análise é profundamente associada com a tradição estruturalista Latino Americana em termos de interpretação do fenômeno inflacionário. Palavras-chave: Brasil, inflação de custos, choques externos. Códigos JEL: N16.Departamento de Ciências Econômicas da UFMG2023-03-02info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7140Nova Economia; Vol. 32 No. 3 (2022): Revista Nova EconomiaNova Economia; v. 32 n. 3 (2022): Revista Nova Economia1980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGenghttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7140/3837Copyright (c) 2022 Carlos Pinkusfeld Bastos, Eduardo F. Bastian , Ricardo Bielshowskyhttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessBastos, Carlos PinkusfeldBastian , Eduardo F.Bielshowsky, Ricardo 2023-07-25T18:07:54Zoai:ojs.pkp.sfu.ca:article/7140Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2023-07-25T18:07:54Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
Alguns fatos estilizados sobre choques externos e surtos inflacionários no Brasil, 1951-1985
title Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
spellingShingle Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
Bastos, Carlos Pinkusfeld
title_short Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
title_full Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
title_fullStr Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
title_full_unstemmed Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
title_sort Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
author Bastos, Carlos Pinkusfeld
author_facet Bastos, Carlos Pinkusfeld
Bastian , Eduardo F.
Bielshowsky, Ricardo
author_role author
author2 Bastian , Eduardo F.
Bielshowsky, Ricardo
author2_role author
author
dc.contributor.author.fl_str_mv Bastos, Carlos Pinkusfeld
Bastian , Eduardo F.
Bielshowsky, Ricardo
description Abstract This paper studies the episodes of inflation upsurge in Brazil from 1951 to 1985, a period wherein Brazilian inflation rates were among the highest in the world. It identifies the episodes of inflation upsurge within this period and analyzes whether they were concomitant with and/or preceded by some type of external shock (exchange rate devaluations and/or commodity price shocks). Based on this relationship this paper identifies eight episodes of inflation upsurge and shows that seven out of these eight episodes followed such pattern. We show also that such analysis is strongly associated with the traditional structuralist Latin American inflation theory. Key words: Brazil, cost-push inflation, external shocks. JEL Codes: N16.
publishDate 2023
dc.date.none.fl_str_mv 2023-03-02
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7140
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7140
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7140/3837
dc.rights.driver.fl_str_mv Copyright (c) 2022 Carlos Pinkusfeld Bastos, Eduardo F. Bastian , Ricardo Bielshowsky
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 Carlos Pinkusfeld Bastos, Eduardo F. Bastian , Ricardo Bielshowsky
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 32 No. 3 (2022): Revista Nova Economia
Nova Economia; v. 32 n. 3 (2022): Revista Nova Economia
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
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