Quem corre mais: notas sobre a moeda e a formação de preços no Brasil

Resumo

This paper shows a model of price determination in brazilian economy. It starts
from regulation theory and its concept of credit money as a permitting condition of
inflation and deals with the particular form assumed by money and finance in Brazil.
In this structural form money splits in two kinds: Cruzeiro, devaluated by inflation,
and assets based on Treasury Bills, the "interest yelding money". Interest on
Treasury Bonds works as a target for price setting behavior and this way produces
inflation.