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Inflation and disinflation: coalitions, conflicts and institutions in Brazil and other countries

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Author(s):
Jose Marcos Nayme Novelli
Total Authors: 1
Document type: Doctoral Thesis
Press: Campinas, SP.
Institution: Universidade Estadual de Campinas (UNICAMP). Instituto de Filosofia e Ciências Humanas
Defense date:
Examining board members:
Sebastião Carlos Velasco e Cruz; Brasilio Sallum Junior; Fernando Luiz Abrucio; Luiz Gonzaga de Mello Belluzzo; Reginaldo Carmello Corrêa de Moraes
Advisor: Sebastião Carlos Velasco e Cruz
Abstract

This thesis deals with the social and political factors present in inflation and disinflation. The research begins with the historical experiences, mainly the German hyperinflation of the 1920s, in order to elaborate an analytical framework containing these elements to make it possible to analyze these phenomena experienced in other countries (Argentina, Mexico, Korea, India and Turkey), but mainly in Brazil. This thesis is not direct at identifying the causes of the inflation, but merely the maintenance of high inflation rates. For this reason it was necessary to build a coalition composed by the main social classes. The dynamics of the inflationary coalition was developed by the class struggle and sustained by institutional mechanisms created by the State. In order to dismantle the inflationary coalition, another coalition constituted, the reformist-disinflationary coalition, which was supported by the State. The State, through different instruments, destroyed the mechanisms previously utilized. A new international economic order was fundamental for sustaining the stability of prices in the countries that had experienced relatively high rates of inflation (AU)