The crisis of the state approach to Latin America

1993. After the dependency interpretation of Latin America, now two competing interpretations are present: the neoliberal Washington Consensus and what I propose: the fiscal crisis of the state approach. Portuguese and French versions available. This paper is a preliminary version of my chapter in Economic Reforms in New Democracies (1993). The "fiscal crisis approach" anticipates the 2003 "new developmentalism". (Paper: Instituto Norte-Sul Discussion Paper)

Estabilização em um ambiente adverso: a experiência brasileira de 1987

1993. The Plano Bresser was a 1987 atempt to stabilize prices in Brazil in an adverse environment. English version available. (Paper: Revista de Economia Política).

Stabilization in an adverse environment: The 1987 Brazilian experience

1993. The Bresser Plan - an atempt to stabilize prices in Brazil in an adverse environment. Portuguese version available. (Paper in book edited by John Williamson)

A modernização interrompida

1993. A socio-economic and a political-economic vicious circle hinds Brazils development. The weak points which should be attacked are education and inertial inflation. (Note in Vellosos edited book [10 p])*

Um mestre da economia brasileira: Ignácio Rangel

1992. With José Marcio Rego. Ignácio Rangel is an highly orginal anaylist of the Brazilian macroeconomy and of its development. (Paper: Revista de Economia Política)

Washington Consensus or fiscal crisis of the state approach?

  • autor: Luiz Carlos Bresser-Pereira

1992. A slightly modified version of the Magna Class at the XVIII ANPEC’S Congress (National Association of Graduate Courses in Economics), Brasília, December 4, 1990.

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Contra a Corrente: A Experiência no Ministério da Fazenda

1992. Revised version of the testimony to IUPERJ on the author's experience as Finance Minister in Brazil: the major crisis, the "Bresser Plan", and the negotiation of the foreign debt. Non revised version available in French. (In Revista Brasileira de Ciências Sociais")

Heterodoxia e ortodoxia no Plano Bresser

1993. Economic heterodoxy should not be confused with economic populism. The Bresser-Plan was both heterodox and orthodox. (Conjuntura Econômica")

1992 - A Estabilização Necessária

1992. An analysis of the disastrous IMF sponsored 1992 stabilisation plan with Marcilio Marques Moreira as finance minister. The alternative required policies. (Paper: Revista de Economia Política)*

A Crise do Estado: Ensaios sobre a economia brasileira

1992. Collected papers written between 1987 and 1991 analyzing the Brazilian foreign debt crisis, fiscal crisis of the state, and inflation. (Book: Editora Nobel). Esgotado. Available here in pdf.

O décimo-primeiro plano de estabilização

1992. The 1991 IMF sponsored stabilisation plan (the 11th plan since 1979) with Marcilio Marques Moreira as finance minister will fail because it ignores the inertial character of inflation in Brazil. The size of the fiscal and foreign debt and the lack of support of society for a severe adjustment are additional causes. (Paper in book edite by Reis Velloso)

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O Décimo Primeiro Plano (Folha, 26.12.91)

1991. The Marcilio Plan being signed with IMF will fail because it ignores the inertial character of the Brazilian inflation. (Article: Folha de S.Paulo)

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Populismo Econômico

1991. Ortodoxy, economic popullsm and developmentalism in Latin America. The articles by Canitrot, O'Donnell, and Diaz-Alejandro are classical texts. PDF version now available. (Edited book)

Economic populism versus Keynes: reinterpreting budget Deficit in Latin America

1991. With Fernando Dall'Acqua. Contrarily to what economic populists say, Keynes only admited budget deficits in special situations, as a temporary depart from fiscal balance.
Portuguese version
available.(Paper: Journal of Post Keynesian Economics)

A crise da América Latina: Consenso de Washington ou crise fiscal?

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. English, French, and Spanish versions available. Pesquisa e Planejamento Econômico 21(1), abril 1991: 3-23.

La crisis de América Latina. ¿Consenso de Washington o crisis fiscal?

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English, and French versions available. (Paper: Pensamiento Iberamericano)

La crise de la Amérique Latine: Consensus de Washington ou crise budgétaire?

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis. Portuguese, English and Spanish versions available. (Paper: Problèmes dAmerique Latine).

Economic crisis in Latin America: Washington consensus or fical crisis approach?

1991. An early critique of the Washington consensus. A systematic analysis of the Latin American crisis as a foreign debt crisis and a fiscal crisis of the state. Portuguese, French, and Spanish versions available. (English version not published: just available in this site).

A lógica perversa da estagnação: dívida, déficit e inflação no Brasil

1991. There is a perverse logic in the Brazilian macroeconomic system involving foreign debt, fiscal deficit and inertial inflation. English version available. (Paper: Revista Brasileira de Economia)

Hiperinflação e estabilização no Brasil: o primeiro Plano Collor

1991. With Yoshiaki Nakano. This paper predicts the failure of the Collor Plan for failing to neutralize inertia, in a moment conventional orthodoxy was sure that it would be successful. English and French versions available. (Paper: Revista de Economia Política) *