Plano Verão
E806327
Plano Verão was a Brazilian economic stabilization plan introduced in 1989 to combat hyperinflation through currency reform and price controls.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf | Brazilian economic stabilization plan ⓘ |
| affectedSector |
financial assets
ⓘ
prices of goods and services ⓘ wages ⓘ |
| aimedTo |
combat hyperinflation
ⓘ
stabilize Brazilian economy ⓘ |
| alsoKnownAs | Summer Plan ⓘ |
| appliesTo | Brazilian economy ⓘ |
| country | Brazil ⓘ |
| currencyConversionRate | 1000 Cruzados = 1 Cruzado Novo ⓘ |
| economicContext |
period of chronic high inflation in Brazil
ⓘ
pre-hyperinflation environment ⓘ |
| followedPlan | Plano Bresser ⓘ |
| hadSideEffect |
distortions in relative prices
ⓘ
legal disputes over savings accounts ⓘ |
| implementedBy | Brazilian federal government NERFINISHED ⓘ |
| implementedDuringGovernmentOf | José Sarney NERFINISHED ⓘ |
| implementedInYear | 1989 ⓘ |
| implementedOnDate | 1989-01-15 ⓘ |
| includedMeasure |
currency reform
ⓘ
fiscal adjustment measures ⓘ freezing of some prices ⓘ monetary tightening ⓘ price controls ⓘ wage policy changes ⓘ |
| inflationRateContext | very high monthly inflation ⓘ |
| influenced | design of later stabilization policies in Brazil ⓘ |
| influencedBy | previous Brazilian stabilization plans ⓘ |
| introducedCurrency | Cruzado Novo NERFINISHED ⓘ |
| languageOfName | Portuguese ⓘ |
| legalInstrument | Medidas Provisórias (provisional measures) NERFINISHED ⓘ |
| mainObjective |
reduce inflation quickly
ⓘ
restore confidence in national currency ⓘ |
| partOf | Brazilian heterodox stabilization attempts of the 1980s ⓘ |
| policyArea |
macroeconomic policy
ⓘ
monetary policy ⓘ price policy ⓘ |
| policyType | heterodox stabilization plan ⓘ |
| precededPlan | Plano Collor NERFINISHED ⓘ |
| relatedTo | Brazilian inflationary crisis of the 1980s ⓘ |
| replacedCurrency | Cruzado NERFINISHED ⓘ |
| result |
inflation resurgence after short period
ⓘ
temporary reduction of inflation ⓘ |
| timePeriod | late 1980s ⓘ |
| wasConsidered | only partially successful ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.