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From Cruzado to Collor: Stabilization Plans and Agriculture

Author

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  • Gervásio Castro de Rezende

Abstract

This paper traces the macroeconomic roots of the current agricultural crisis. Itshows that the increase in inflationary instability after 1986, and the policies adopted by theGovernment, since then, to fight hyperinflation, caused the terms of trade of agriculture tobe- come much more unstable, at the same time that the Government pulled back the supportthey had been providing to agriculture; these adverse conditions ultimately caused thereduction of activity levels in agriculture in 1989 and 1990. The paper concludes by pointingout the implications for the current stabilization strategy. JEL Classification: Q18; Q11.

Suggested Citation

  • Gervásio Castro de Rezende, 1992. "From Cruzado to Collor: Stabilization Plans and Agriculture," Brazilian Journal of Political Economy, Center of Political Economy, vol. 12(2), pages 267-286.
    • Handle: RePEc:ekm:repojs:v:12:y:1992:i:2:p:267-286:id:1417
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1417/1403
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    More about this item

    Keywords

    Macroeconomic effects on agriculture; inflation; crop loss;
    All these keywords.

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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