Fatores aceleradores, mantenedores e sancionadores da inflação

Vol. 4 No. 1 (1984)

Jan-Mar / 1984
Published January 1, 1984

How to Cite

Bresser-Pereira, Luiz Carlos, and Yoshiaki Nakano. 1984. “Fatores Aceleradores, Mantenedores E Sancionadores Da inflação”. Brazilian Journal of Political Economy 4 (1). https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1872.

Fatores aceleradores, mantenedores e sancionadores da inflação

Luiz Carlos Bresser-Pereira
Yoshiaki Nakano
Brazilian Journal of Political Economy, Vol. 4 No. 1 (1984), Jan-Mar / 1984, Pages


 In English only in the on-line edition

In order to understand inflation or stagflation in present day oligopolistic capitalism, it is necessary to distinguish the accelerating, the maintaining and the sanctionating factors of inflation. Four are the accelerating factors: change in profit margins, change in real wages above (or below) productivity, changes in the real exchange rate and in the costs of imports. The basic maintaining factors are formal and informal indexation of the economy and mark-up pricing. Given and autonomous inflation, that is, independent of sustained demand or full employment, the fundamental sanctionating factor of inflation will be the money supply.