Combate frontal à inflação brasileira: análise das experiências dos planos PAEG e Real

Abstract

The Brazilian still keeps in mind the fear of rising prices. The coexistence with the inflation in Brazil since the beginning of the 20th century. It was only in the last decade of this century, the country has managed to settle this problem which penalized the economy distort relative prices, focusing on income and disturb the public accounts. Numerous plans to stabilize were proposed during this period, but failed to record success. Two plans anti-inflationary are discussed and compared. The Plan of Action of Economic Government, the PAEG, was one of the plans implanted within the period of the military dictatorship, and come up with a proposal well clear of combating inflation with the maintenance of growth. The Real Plan was a stabilization plan implemented in the 1990s, after the democratization, which had the objective of overcoming the crisis Brazilian inflation coming from the previous decade. The inflation rate at that time was the result of monetary correction that economic agents said discriminately, which reflected the total discrediting of the population in relation to the policies adopted by the Government. The PAEG organized the house to promote growth in the following years, but reduced the real wages of Brazilian workers and implemented the monetary adjustments that kept inflation in Brazil until the implementation of the Real Plan. The Real Plan could settle with inflation and promote the recovery of the real wage salary.