1987. Paper written a four months after the Cruzado Plan was lauched to control inertial inflation. The two main dangers the plan was facing were relative prices desiquilibria left by the plan and an increasing budget deficit. Portuguese version available.(Paper: World Development)
BRAZILIAN ECONOMY
INFLATION AND STABILIZATION PLANS - Br
1986. Paper written a four months after the Cruzado Plan was lauched to control inertial inflation. The two main dangers the plan was facing were relative prices desiquilibria left by the plan and an increasing budget deficit. (Paper in book edited by José Marcio Rego)
1986. With Yoshikaki Nakano. Inertial inflation is consistent with the Philips that shifts continuously to the right. English version available.(Paper: Revista de Economia Política)
1986. Conferência pronunciada no Seminário "Efeitos do plano de estabilização econômica do governo sobre o ensino e a prática da administração".
1985. With Fernando Dall'Acqua. A price freeze (without the neutralization of inertia) will unbalance relative prices; after some time, inflation will be back. (Note: Carta de Conjuntura).
1984. With Yoshiaki Nakano. A book of essays on the theory of inertial inflation. English translation: The Theory of Inertial Inflation. (Complete book) Disponível em PDF.
1984. With Yoshiaki Nakano. Survey of the book Brasil x FMI: Armadilha da Recessão with articles by Belluzzo, Cardoso, Rezende, Arida. (Survey: Revista de Economia Política)
1983 [1987]. With Yoshiaki Nakano. Translation of "Fatores aceleradores, mantenedores e sancionadores.da inflação" (1983). The founding paper on the theory of inertial or indexed inflation. Portuguese version available.
1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. English version available. (Paper: Anais do X Encontro Nacional de Economia da ANPEC, December 1983.
1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. (Portuguese version available)
1981 This paper explains stagflation with the administrative or cost theory of inflation emphasizing money endogeneity. This paper contains my first vision of inertial inflation: in one of the sessions I explain high inflation by the fact that firms A, B, and C index their princes increasing them according to the going rate of inflation in a staggered way. (Paper: Revista de Economia Política) *
1980. Brazilian inflation is consequence of distributive conflict involving the transference of income from the poor to the rich. Monopolist and monopsonist power facilitates such transference. (Paper: Encontros com a Civilização Brasileira)
1975. The recession starting in 1974 explained by an increase in the profit rate higher than the increase in the technobureaucrtic middle class' salaries.(Note: Opinião)
1964. With Sylvio Luiz Bresser-Pereira. The indexation or monetary correction of financial statements. A proposal. See also 1976 article. (Paper: Revista de Administração de Empresas)