A Contribuição Acadêmica de Mário Henrique Simonsen

Barbosa, Fernando de Holanda

doi:10.12660/bre.v17n11997.2872

Cited by 7 publications

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“…Some of Simonsen's contributions have been recently summarized by Barbosa (1997), Boianovsky (2002) and Cysne (2003). 11 An interesting parallel with the work of Felipe Pazos who also came to the study of inertial inflation in the mid and late 1960s and when writing his Chronic Inflation in Latin America in the early 1970s.…”

Section: Simonsen's Basic Ideas On Wage Dynamicsmentioning

confidence: 99%

“…The conditions required for this stability of the wage-price spiral are embodied in a simple diagram of wage dynamics attributed to Simonsen by several Brazilian scholars. According to Barbosa (1997), Simonsen outlined this so-called "Simonsen Curve" (and the typical oscillatory behavior of real wages) in his book A Experiencia Inflacionaria Brasileira, in 1964. We want to make here the important point that both Barbosa (1997) and Campos (1998), in their revision of Simonsen's work, consider the Simonsen Curve as one of his major contributions.…”

Section: Simonsen's Basic Ideas On Wage Dynamicsmentioning

confidence: 99%

“…The importance that both Barbosa (1997) and Campos (1998) attach to the Simonsen curve proves fruitful and full of interest since it supplies the key elements to understand different families of wage dynamics. 12 The curve is basically a simulation of the behavior of real wages over time; an evolution that is governed by three factors: a peak or target real wage, the rate of inflation, and an adjustment period for wage setting.…”

Section: Simonsen's Basic Ideas On Wage Dynamicsmentioning

confidence: 99%

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A note on the Pazos-Simonsen mechanism and Kaldor's early research on Latin American inflation

Vera

2013

Rev. Econ. Polit.

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In contrast with the inflationary finance story, inflation acceleration in Latin America has been explained as the result of the interaction of inflation dynamics and the frequency of wage adjustments. Accordingly, small inflation disturbances are connected with a shift from moderate to high inflation (or beyond to hyperinflation) though a mechanism that makes adjustment intervals in wage contracts endogenous. Rudiger Dornbusch (1986) labeled this process the "Pazos-Simonsen mechanism". In this note we summarize the basic contribution of both Felipe Pazos (1978) and Mario Henrique Simonsen (1983) and find crucial differences between their views on wage dynamics, specifically regarding the endogeneity of the time interval between wage readjustments. A remarkable affinity with Pazos's view on wage dynamics and inflation is found in an early and almost unknown essay written by Nicholas Kaldor in 1957 (inspired in his brief experience in Latin America).

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Section: Simonsen's Basic Ideas On Wage Dynamicsmentioning

confidence: 99%

Section: Simonsen's Basic Ideas On Wage Dynamicsmentioning

confidence: 99%

Section: Simonsen's Basic Ideas On Wage Dynamicsmentioning

confidence: 99%

See 1 more Smart Citation

A note on the Pazos-Simonsen mechanism and Kaldor's early research on Latin American inflation

Vera

2013

Rev. Econ. Polit.

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“…Recentemente, discussões sobre qual sejam a extensão e os limites da contribuição de Simonsen ao conhecimento econômico no Brasil apareceram em Barbosa (1997), Boianovsky (1999), Campos (1998), Cysne (2001), Werlang (1998) e outros artigos em um número especial da Revista Brasileira de Economia. A visão da inflação como fenômeno inercialé incluída comoítem importante dessa contribuição.…”

Section: Introductionunclassified

Simonsen: pioneiro da visão inercial de inflação

Ramalho¹

2003

Rev. Bras. Econ.

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Sumário: 1. Introdução; 2. História do pensamento; 3. Origem; 4. Desenvolvimento teórico; 5. Divulgação; 6. Comentários finais Palavras-chave: indexação; inflação inercial; realimentação inflacionária.Código JEL: B31; E64.No final dos anos 60, Mário Henrique Simonsen chegou a uma visão de inflação que chamou 'Modelo de Realimentação Inflacionária'. Essa visão incluía, com outros nomes, certas noções que ficaram populares nos anos 80, tais como choque inflacionário, autoperpetuação de inflação e inflação institucionalizada pela indexação. Dentre os economistas brasileiros e eminentes, Simonsen foi o primeiro a defender a tese de que o dispositivo da correção monetária prejudica a eficácia do combateà inflação. Desde o início dos anos 70, ele pregou incansavelmente essa tese em aulas, livros, artigos e discursos ministeriais, repetindo que a correção monetária faz com que as altas de preços no passado determinem a inflação presente.In the late 60s, Mário Henrique Simonsen arrived at a view of inflation which he called 'Model of Inflationary Feedback'. This view included, under different names, certain notions that became popular in the 80s, such as inflationary shock, self-perpetuating inflation, and inflation institutionalized through indexation. Among eminent Brazilian economists, Simonsen was the first to defend the thesis that indexation hampers the effectiveness of the fight against inflation. From the early 70s on, he preached this thesis in his classes, his books, articles and speeches as a finance minister, stressing that, due to indexation, price rises in the past determined inflation in the present.

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“…Incluem-se nesse conjunto uma pesquisa conduzida pelo Núcleo de História Oral da FGV, outra pela Sul América, bem como importantes artigos de cunho mais acadêmico, como os de Barbosa (1997) e Boianovsky (1999. Suplementarmente, numa ligeira revisão histórica, Cysne (2001) compara as projeções de Kahn & Wiener (1967), publicadas pelo Instituto Hudson, relativas ao ano 2000, com os fatos efetivamente ocorridos.…”

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Mario Henrique Simonsen

Cysne¹

2001

Estud. av.

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O AUTOR inicia o artigo efetuando uma breve revisão da literatura nacional que analisa as contribuições de Mario Henrique Simonsen à teoria econômica. Em seguida, detalham-se quatro pontos não abordados nos trabalhos revistos. Em particular, sua derradeira contribuição, referente à literatura sobre os custos de bem-estar da inflação, pesquisa que deu origem recentemente, cinco anos após o seu falecimento, a um artigo publicado no prestigioso Journal of Money, Credit and Banking.
THE AUTHOR starts the article by presenting a short a review of the Brazilian literature concerning the academic contributions of Mario Henrique Simonsen. In a subsequent step, four points not included in the works surveyed are detailed. Particularly, his last contribution, related to the welfare costs of inflation, which lead to an article published in February of 2001, five years after his death, in the prestigious Journal of Money Credit and Banking

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A Contribuição Acadêmica de Mário Henrique Simonsen

Cited by 7 publications

References 1 publication

A note on the Pazos-Simonsen mechanism and Kaldor's early research on Latin American inflation

A note on the Pazos-Simonsen mechanism and Kaldor's early research on Latin American inflation

Simonsen: pioneiro da visão inercial de inflação

Mario Henrique Simonsen

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