A ortodoxia e heterodoxia na análise do processo inflacionário brasileiro: uma revisão da literatura

Abstract

The objective of the present study is to identify the characteristics of Brazilian inflation throughout history, looking for characteristics of orthodoxy and economic heterodoxy, which part of bringing an apparatus of concepts and historical aspects about the development of Brazilian inflation, as well as establishing a comparison with the phenomenon of inflation recently experienced. In this sense, a review of the literature on economic schools that analyzed inflation was carried out, being subdivided into orthodox and heterodox schools. Afterwards, an analysis of the events that occurred in the 80's and early 90's, with emphasis on plans to combat hyperinflation. Finally, an analysis of recent inflation will be made, especially in relation to articles and others, in which it will be shown that the analysis is following a heterodox or orthodox proposition. Regarding the economic plans of the 80s and 90s, he observed a defense, mostly mixed, of demand and inertial inflation. In relation to recent inflation, it was possible to identify that the Inflation Targeting Regime in fact has been effective in reaching the inflation results within the limits of the goals established in most of the years in which it was active. However, it is observed that such a regime needs to be improved and reconciled with some heterodox conceptions, especially of post-Keynesianism.