1984 [1987]. With Yoshiaki Nakano. High inertial inflation can be neutralized by a heroic price freeze combined with conversion tables. The original paper, in Portuguese, was the first proposal of a 'heterodox shock' in Brazil, published in July 1984, in Revista de Economia Política before Chico Lopes' August proposal publihed in a bulletin. (Chapter 4 of Bresser-Pereira & Nakano, The Theory of Inertial Inflation. Boulder: Lynne Rienner Publishers, 1987: 83-107).
ECONOMICS
INFLATION - INERTIAL INFLATION
1983 [1987]. With Yoshiaki Nakano. Translation of "Fatores aceleradores, mantenedores e sancionadores.da inflação" (1983). The founding paper on the theory of inertial or indexed inflation. Portuguese version available.
1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. English version available. (Paper: Anais do X Encontro Nacional de Economia da ANPEC, December 1983.
1983. With Yoshiaki Nakano. The founding paper on the theory of inertial inflation. One must distinguish the accelerating from the maintaining and the sanctioning factors of inflation. (Portuguese version available)
1981 This paper explains stagflation with the administrative or cost theory of inflation emphasizing money endogeneity. This paper contains my first vision of inertial inflation: in one of the sessions I explain high inflation by the fact that firms A, B, and C index their princes increasing them according to the going rate of inflation in a staggered way. (Paper: Revista de Economia Política) *
1964. With Sylvio Luiz Bresser-Pereira. The indexation or monetary correction of financial statements. A proposal. See also 1976 article. (Paper: Revista de Administração de Empresas)