Real Planstandardization of a financialized economy

Resumo

Presented as a model of monetary stabilization, the Real Plan laid the foundations upon which the dynamics of contemporary Brazilian economy unfold. Its impact extends far beyond the containment of inflationary pressures, with repercussions on the national economy as a whole. The macroeconomic scenario shaped by this plan catalyzed a transformation in the Brazilian political economy, standardizing the financialization process: since 1994, under its contours, there had been a restructuring and subsequent consolidation of the predominant role played by national finance in the power bloc built during the 1990s. The hypothesis of inertial inflation was a subsidy for its rules, with a central focus on the operationalization of Selic to meet internal aggregate demand and exchange rate appreciation. Thereby, by the way it changed the Brazilian economic panorama, the Real Plan is understood as a central concept in our economic history, a symbol of its time and the spirit of this era.

Ficha do documento

Tipo

Artigo científico

Ano

2024

Instituição

Universidade Estadual de Campinas

Fonte

Economia e Sociedade

Idioma

Português

Acesso

Não informado

Identificador

oai:ojs.periodicos.sbu.unicamp.br:article/8675969

Licença

https://creativecommons.org/licenses/by-nc/4.0

Abrangência

Brazil, Contemporary; Brasil; Contemporáneo; Brasil; Contemporâneo

Temas

Economia

Palavras-chave

Real PlanBrazilian economyInflationPower blockPolitical economyPlano RealEconomia brasileiraInflaçãoBloco no poderEconomia política