Beyond stabilization: from Plano Real to the reconstruction of the Brazilian political economy

Abstract

This article analyses the general economical conditions associated to the process of stabilization of prices in Brazil, emphasizing some questions related to the role of the definition of a model of economical development. Even having external restrictions and a priority given to the stability, the author argues that there is still space for new definitions in long term public politics.

macroeconomy; Brazilian economy; stabilization; development; State; inflation