The Political Construction of Brazil

2017. An encompassing analysis of Brazil’s society, economy and politics since the Independence. A national-dependent interpretation. Three historical cycles of the relation state-society: State and Territorial Integration Cycle (1822-1929), Nation and Development Cycle (1930-1977) and Democracy and Social Justice Cycle (1977-2010). Crisis since then. (Book: Lynne Rienner Publishers)

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Macroeconomia Desenvolvimentista

2016. With José Luis Oreiro e Nelson Marconi. Our more complete analysis of Developmental Macroeconomics – the central economic theory within New Developmentalism. (book)

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Hyperinflation and stabilization in Brazil: The first Collor Plan

Luis Carlos Bresser Pereira com Yoshiaki Nakano

In P.Davidson J.Kregel Economic Problems of the 1990s, London: Edward Elgar, 1991: 41-68. Paper written in April-May 1990, and presented to the Post-Keynesian Conference, Knoxville, Tennessee, June 1990.


In this paper are analysed (1) the conditions that gave rise to hyperinflation in early 1990, (2) the alternative programs of stabilization that were being suggested, and (3) the stabilization plan that was finally adopted, the Collor Plan, whose failure the authors, writing in June 1990, predict already in the title of the paper: "the first Collor Plan". This plan examined according to (1) the logic behind freezing 70% of the financial assets (2) the fiscal adjustment aspect: (3) the monetary or liquidity question (4) the demand problem and finally (5) the causes of the resurgence of inflation with recession. For this analysis, the authors utilize a neo-structuralist approach to the inertial or autonomous inflation prevailing in Brazil.


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