1992. The 1991 IMF sponsored stabilisation plan (the 11th plan since 1979) with Marcilio Marques Moreira as finance minister will fail because it ignores the inertial character of inflation in Brazil. The size of the fiscal and foreign debt and the lack of support of society for a severe adjustment are additional causes. (Paper in book edite by Reis Velloso)
OTHER TYPES OF WORKS
ACADEMIC PAPERS
1992. The state is being criticized, on the right, by neoliberals, and on the left, by "logic of capital" Marxists. There is a cyclical aspect in it.(Paper: Lua Nova)
1992. Texto para Discussão
1992. Institutional rather than private ownership is the solution for large monopolist enterprises in command economies in transition to capitalism. (Note: Discussion Paper)
1991. With Fernando Dall'Acqua. Contrarily to what economic populists say, Keynes only admited budget deficits in special situations, as a temporary depart from fiscal balance.
Portuguese version available.(Paper: Journal of Post Keynesian Economics)
1991. With Fernando Dall'Acqua. Contrarily to what economic populists say, Keynes only admited budget deficits in special situations, as a temporary depart from fiscal balance. English version available.(Paper: edit book)
1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English, and French versions available. (Paper: Pensamiento Iberamericano)
1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English and Spanish versions available. (Paper: Problèmes dAmerique Latine).
1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt crisis and a fiscal crisis of the state. Portuguese, French, and Spanish versions available. (English version not published: just available in this site).
1991. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. English version available. (Paper: Revista Brasileira de Economia)
1991. With Yoshiaki Nakano. This paper predicts the failure of the Collor Plan for failing to neutralize inertia, in a moment conventional orthodoxy was sure that it would be successful. English and Portuguese versions available. (Paper: Revue Tiers Monde)
1991. Capítulo 11 da 3a. edição de Luiz Carlos Bresser-Pereira e Yoshiaki Nakano Inflação e Recessão, Editora Brasiliense, 1991.
1991. Economic populism, left's protectionism, and the right's monetarist orthodoxy are together major obstacles to consistent and rational economic policies and reforms. Portuguese version with the title "Ideologias econômicas e democracia no Brasil" available. (Paper: Journal of Interamerican Studies and World Affairs)
1991. Collor is rather a modern conservative than a neo-liberal politician. Ideology and modernity in Brazil. (Note: Novos Estudos CEBRAP)*
1991. Based on research conducted in 1970 and repeated in 1990, this paper shows that, in 'abnormal times', when the interest rate is abnormally high, business enterprises' decisions on investment take into consideration the interest rate more attentively than they do in normal times. (Paper presented to LASA meeting)
1991. With Yoshiaki Nakano. A successful estabilization of high and inertial inflation will depend on the size of the 'inflationary residuum' left after a price freeze is undertaken. Examples in the Collor I and II stabilization plans. (Paper in book edited by Clovis de Faro)
1991. A 1990 repetition of a research on the motives to invest of major Brazilian firms originally conducted in 1970. And a comparison between the two results, showing that with the rise of the interest rate, it became more relevant in the decision process. (Research report/NPP/EAESP/FGV).
1990. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. Portuguese version available.(Paper: Journal of Post Keynesian Economics).