Alta inflação e hiperinflação: uma visão pós-keynesiana

Vol. 10 No. 4 (1990)

Oct-Dec / 1990
Published October 1, 1990
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How to Cite

Carvalho, Fernando J. Cardim de. 1990. “Alta inflação E hiperinflação: Uma visão pós-Keynesiana”. Brazilian Journal of Political Economy 10 (4). https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1550.

Alta inflação e hiperinflação: uma visão pós-keynesiana

Fernando J. Cardim de Carvalho
Brazilian Journal of Political Economy, Vol. 10 No. 4 (1990), Oct-Dec / 1990, Pages

Abstract


Inflation has become, in the 80’s, the most important barrier to resuming economic growth in Brazil. A post-Keynesian approach to this problem stresses the effects that continuing high inflation has on beliefs and institutions, especially the system of money forward contracts that is fundamental to organize and coordinate an entrepreneurial economy. A High Inflation Regime is defined by the introduction of new monies-of-account for forward contracts, that is, indexation, and by a change in the modes of price formation. It is show that High Inflation characterizes an unstable equilibrium that may degenerate into a hyperinflation. Thc permanence of high inflation, however, may engender stagnating tendencies.