Mario Henrique Simonsen

Cysne, Rubens Penha

doi:10.1590/s0103-40142001000100012

Cited by 3 publications

(6 citation statements)

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“…According to Cysne (2001), 14 this line of work was based on the work of Lucas,15 mainly regarding the overestimation of welfare costs of inflation for low interest rates when assuming a money demand with constant interest-elasticity and the use of a monetary aggregate that included both currency bills and interest-bearing demand deposits without properly distinguishing between them.…”

Section: The Welfare Cost Of Inflationmentioning

confidence: 99%

“…14 Cysne (2001) describes how this research came to light. According to him, a draft was done in 1994 and a preliminary version was published as a working paper in 1999 at FGV.…”

Section: Overview Of His Contributionsmentioning

confidence: 99%

“…Simonsen died in 1997. 15 Based on a working paper of 1993, published as Lucas (2000), according to Cysne (2001). point of view, that is, Latin America, or more specifically, Brazil-but without disregarding theoretical rigor-he made his point and he was heard in those niches.…”

Section: Overview Of His Contributionsmentioning

confidence: 99%

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Reaching a Broader Audience: Mario Henrique Simonsen’s International Career

Cabello

2016

Revista Brasileira De Economia

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It is argued that, although he searched for a larger audience for his papers, he focused on the most relevant areas of the Brazilian economic debate of the time, that is, external debt and inflation and its several layers: indexations, inflationary inertia, incomes policy and its social cost. Also, he wanted to influence policy, searching for concrete solutions for these problems both domestically and internationally. O artigo discute as incursões de Mário

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Section: The Welfare Cost Of Inflationmentioning

confidence: 99%

“…14 Cysne (2001) describes how this research came to light. According to him, a draft was done in 1994 and a preliminary version was published as a working paper in 1999 at FGV.…”

Section: Overview Of His Contributionsmentioning

confidence: 99%

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Reaching a Broader Audience: Mario Henrique Simonsen’s International Career

Cabello

2016

Revista Brasileira De Economia

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“…Section fifth, shows why Kaldor's 1957 essay on inflation and economic development anticipates Pazos and Simonsen's main elements of wage dynamics and inflation acceleration. Felipe Pazos (1912-2001 was undoubtedly one the outstanding Latin American economists of the twentieth century. Born in Havana (Cuba), Pazos earned a doctorate from the University of Havana in 1938 and joined the Cuban foreign service.…”

Section: Introductionmentioning

confidence: 99%

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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“…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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Mario Henrique Simonsen

Cited by 3 publications

References 6 publications

Reaching a Broader Audience: Mario Henrique Simonsen’s International Career

Reaching a Broader Audience: Mario Henrique Simonsen’s International Career

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

Simonsen: pioneiro da visão inercial de inflação

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