Brazil's trick to cure inflation
May 13, 2014 21:25 Source: "China Social Sciences", August 11, 2011, Issue 213, August 113r



20th century 80 & mdash; 90s,Vicious inflation in Brazil,The main reason is that the government's financial expenditure is huge、Too much currency issuance。To cope with high inflation,The Brazilian currency authorities took Bet365 app download 20 years,and replace the circulation currency twice,Only to make the economy enter a stable development period。Due to Brazil's malignant inflation originated from severe liquidity,The key to governing malignant inflation is to eliminate too much currency supply。In Brazil's anti -inflation policy,The Laer Plan is the most successful。The main content of the plan is: compressing fiscal expenditure to cut fiscal deficit; introducing the currency value reference index,This is the basis bet365 best casino games for the change of wages and product price changes; abolition of Cruzado,Issuing New Currency Rayar,The ratio of the new and old currency currency is 1? 誜 2750,At the same time, implement the fixed exchange rate system that follows the US dollar。Laer plans to achieve a significant effect in Brazil,Brazil's inflation rate will decrease to 4.01%in the third quarter of 2007,This indicates that Brazil's anti -inflation policy goals are basically realized。Current,The difficulty of governing inflation bet365 live casino games in China cannot be underestimated,Bearded monetary issuance discipline,Scientific adjustment of fiscal capital revenue and expenditure,Taxation with tax、exchange rate and other various policies,Coordinating the management of social credit。(Source: "Financial Science" 2011 Issue 6 Sun Three Hundred/Pick)

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