@article{Carvalho_1994, title={Monetary reform, general indexation and the stabilization plan}, volume={14}, url={https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/1285}, DOI={10.1590/0101-31571994-0806}, abstractNote={<p>The FHC Stabilization Plan consists of three stages, one of which is a monetary<br />reform where a new money-of-account is initially created as the basis for a new money<br />proper to be issued later to replace the cruzeiro real. The paper explores the differences<br />between indexation and monetary reform in the light of the distributive inconsistencies<br />generated by a high inflation regime. It is shown that the possibility of explosive solutions<br />to the coordination problem during the transition for new money is much increased by the<br />rules proposed by the government.</p> <p><strong>JEL Classification:</strong> E31.</p>}, number={2}, journal={Brazilian Journal of Political Economy}, author={Carvalho, Fernando J. Cardim de}, year={1994}, month={Apr.}, pages={282-287} }