Hyperinflation and stabilization

ABSTRACT Brazil is undergoing hyperinflation, even though the currency is not dead yet. But for any plan on inflation and stabilization to work, one must acknowledge that the process is hyperinflationary, not just inflationary This paper presents a series of possible ways to overcome this situation, including the need for a permanent fiscal adjustment.

摘要：巴西正经历恶性通货膨胀（hyperinflation），尽管其货币尚未完全崩溃。但任何旨在应对通胀与实现经济稳定的方案若要奏效，都必须承认当前的通胀进程属于恶性通胀，而非普通通货膨胀。本文提出了一系列可破解当前困局的可行路径，其中包含开展永久性财政调整的必要性。