Political conditions for successful inflation stabilization: comparing Brazil and Argentina

Download

10.1590:0034-7329201500104.pdf

Date

2015-6

Author

Özdemir, Yonca

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

156
views

96
downloads

This study tries to understand how Brazil and Argentina, two countries with chronically high inflation, achieved permanent stabilization by looking at political factors necessary for stabilization. It suggests that, although state autonomy or political unity may contribute to successful price stabilization, reconciling the interests of different stakeholders and thereby building a broad political support base is more essential for stabilization to succeed. Political skills of the leaders and compensatory policies may help raise such support and they are more crucial where other political conditions are less favorable. Also, rapid improvement in the economy is important for sustained political support, and thus, for successful stabilization.

Subject Keywords

Chronic inflation, Disinflationary programs, Political coalition-building, Stabilization

URI

https://hdl.handle.net/11511/51185

Journal

Revista Brasileira de Política Internacional

DOI

https://doi.org/10.1590/0034-7329201500104

Collections

Department of International Relations, Article

Suggestions

OpenMETU
Core

Regional effects of terrorism on economic growth in Turkey: A geographically weighted regression approach Öcal, Nadir; Yildirim, Juelide (2010-07-01) The economic growth effects of terrorism have generally been examined in a cross-country framework where socio-economic differences among the countries are ignored. This highly restrictive assumption may result in heterogeneity bias, which could be overcome by resorting to country studies rather than cross-country analysis. Moreover, the relationship between the terrorist incidents and various factors may not be stationary in space. The majority of terrorist incidents in Turkey are concentrated mainly in Ea...
The Granger-causality between health care expenditure and output: a panel data approach Erdil, Erkan (Informa UK Limited, 2009-01-01) This study investigates the Granger-causality relationship between real per capita GDP and real per capita health care expenditure by employing a large macro panel data set with a VAR representation. The findings verify that the dominant type of Granger-causality is bidirectional. In instances that we found one-way causality, the pattern is not homogenous: Our analyses show that one-way causality generally runs from income to health in low- and middle-income countries whereas the reverse holds for high-inco...
The relationship between economic growth and inequality in Brazil considering socioeconomic policy changes, 1992-2012 Onbaşı, Nilay; Özdemir, Yonca; Saurin, Julian; Political Science and International Relations (2013-7) Brazil is an interesting case to examine the relationship between economic growth and inequality. Obviously, it is one of the states to develop gradually over the last decades and be expected to be a rich state in the future. On the other hand, for centuries, it has had huge individual and regional inequalities. However, with economic growth in the last decades, inequality in Brazil has started to decline. For this topic, Simon Kuznets is one of the most famous economists. He basically argued that at the be...
Deindustrialization in cities of the Global South Schindler, Seth; Gillespie, Tom; Banks, Nicola; Bayırbağ, Mustafa Kemal; Burte, Himanshu; Kanai, J. Miguel; Sami, Neha (2020-04-01) Recent research by economists has shown that deindustrialization is more severe in Sub-Saharan Africa and Latin America than it ever was in the Organisation for Economic Co-operation and Development (OECD). Nevertheless, most research on deindustrialization is focused on the former centres of Fordist manufacturing in the industrial heartlands of the North Atlantic. In short, there is a mismatch between where deindustrialization is researched and where it is occurring, and the objective of this paper is to s...
The sustainability analysis of Turkish domestic debt Alkan, Feyza; Öcal, Nadir; Department of Economics (2009) In this thesis, sustainability of the Turkish domestic debt is analyzed within the “sustainability indicators” perspective. The fiscal targets of Maastricht Treaty (1992) are imposed on the Turkish fiscal policy and it is investigated whether these targets are the indicators for sustainability in the medium term. Uctum and Wickens’ (2000) methodology is followed in assessing the sustainability of the current fiscal policy and the efficiency of the Maastricht Treaty (1992) targets. Moreover, the vector auto ...

Citation Formats

Y. Özdemir, “Political conditions for successful inflation stabilization: comparing Brazil and Argentina,” Revista Brasileira de Política Internacional, pp. 63–83, 2015, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/51185.