Sandro, not "probably not" but certainly not. The "excuse" for the high & rising inflation of the 70s and 80s in Brazil was that it reflected "distributional conflicts". In short: To keep the room continuously warm, you have to keep feeding logs to the fireplace!
Is inflation a distributional phenomenon?
Sandro, not "probably not" but certainly not. The "excuse" for the high & rising inflation of the 70s and 80s in Brazil was that it reflected "distributional conflicts". In short: To keep the room continuously warm, you have to keep feeding logs to the fireplace!