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Tag Archives: Cardoso

30 years of the Real Plan: Unoriginal Lessons from Latin American Stabilizations

 Original thoughts  The 30 year anniversary of the stabilization plan that controlled high inflation in Brazil, the so-called Real Plan, just passed earlier in July. I wanted to write something about it, but it got buried with other things. Here just some very short reflections. There was a huge coverage in the media and several new books and papers written about it, including by several of the actual participants of the stabilization plan. If I have to leave one impression beyond the...

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