Hiperinflação e estabilização no Brasil: o primeiro plano collor

Vol. 11 No. 4 (1991)

Oct-Dec / 1991
Published October 1, 1991

How to Cite

Bresser-Pereira, Luiz Carlos, and Yoshiaki Nakano. 1991. “Hiperinflação E estabilização No Brasil: O Primeiro Plano Collor”. Brazilian Journal of Political Economy 11 (4). https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1483.

Hiperinflação e estabilização no Brasil: o primeiro plano collor

Luiz Carlos Bresser-Pereira
Yoshiaki Nakano
Brazilian Journal of Political Economy, Vol. 11 No. 4 (1991), Oct-Dec / 1991, Pages


In this paper are analyzed (1) the conditions that gave rise to hyperinflation in early 1990, (2) the alternative programs of stabilization that were being suggested, and (3) the stabiliza-tion 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 adjust-ment 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.