Some stylized facts on external shocks and inflation upsurge in Brazil, 1951-1985
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , |
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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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 |
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Universidade Federal de Minas Gerais (UFMG) |
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UFMG |
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UFMG |
reponame_str |
Nova Economia (Online) |
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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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