Eduardo Bastian

Federal University of Rio de Janeiro | UFRJ · Instituto de Economia (IE)

This paper studies the episodes of inflation upsurge in Brazil from 1951 to 1985, a period wherein Brazilian inflation rates were among the highest in the world. It identifies the episodes of inflation upsurge within this period and analyzes whether they were concomitant with and/or preceded by some type of external shock (exchange rate devaluation...

This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open economies to permanent inflationary consequences arising from transitory foreign exchange shocks. Sources of structural vulnerability to such events are identified, and means of addressing these structural vulnerabilities are discus...

This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open economies to permanent inflationary consequences arising from transitory foreign exchange shocks. Sources of structural vulnerability to such events are identified, and means of addressing these structural vulnerabilities are discus...

In the last decade, the Brazilian economy was able—for the first time in history—to combine economic growth, falling unemployment rates, inflation rates under control and a reduction in external vulnerability. In this context, it is believed that one of the most important sources of growth within this period was a consumption boom. Moreover, it is...

This article analyzes Brazil's external vulnerability at the beginning of João Goulart's presidentialist term (1963-64). Based on projections for the indicator net external liabilities as a share of the exports of goods and services for the period 1963-72, it shows that Brazil was externally vulnerable in 1963, but this situation could be reverted...

The essential insight advanced in this paper is that the claim that inflation can impair growth makes most sense in the context of a monetary production economy, wherein a role for money in the determination of real activity is posited from the very start. We construct a model of inflation and growth that distinguishes between the properties of var...

The essential insight advanced in this paper is that the claim that inflation can impair growth makes most sense in the context of a monetary production economy, wherein a role for money in the determination of real activity is posited from the very start. We construct a model of inflation and growth that distinguishes between the properties of var...

This work discusses the short term stabilisation policies implemented by two plans -Three-Year Plan (Trienal) of 1962) and the Government's Economic Action Plan (PAEG) of 1964 - in order to compare their main measures and results. It is intended to show that these plans had similarities being PAEG's wage policy the main point of difference. In this...

In the 1990s, Argentina and Brazil followed similar economic strategies. However, the currency crisis that Brazil went through in 1998-1999 and Argentina suffered in 2001-2002 served as an inflection point, because after these crises, both countries opted for very different macroeconomic regimes. This article seeks to discuss the experiences of Bra...

In the 1990s, Argentina and Brazil followed similar economic strategies. However, the currency crisis that Brazil went through in 1998-1999 and Argentina suffered in 2001-2002 served as an inflection point, because after these crises, both countries opted for very different macroeconomic regimes. This article seeks to discuss the experiences of Bra...

Six days before his death, Professor Antonio Barros de Castro gave the first lecture of his graduate course at the Institute of Economics of the Federal University of Rio de Janeiro, which happened to be the last lecture of his life. He presented his current research agenda, whose main subjects were China?s rise in the world economy, the financial...

Antonio Barros de Castro participated actively for 40 years in the academic life and public debate on development policies. This insightful intellectual belonged to a generation of professors that influenced both the academic debate and Brazilian society's interpretations of its problems and alternatives. Castro stood out for his meticulous analysi...

E m 1962, Celso Furtado publicou um pequeno livro que reunia um conjunto de ensaios escritos para a juventude universitária brasi-leira da época (Furtado, [1962] 2009). Furtado observava que tinha se generalizado a consciência de que o país caminhava para transforma-ções de grande alcance. E ainda, que havia uma grande preocupação dos estudantes em...