Based on a structural diagnosis of inflation, the first ___________ in Brazil, in 1986, focused on the intertial component of inflation and implemented heterodox measures by freezing prices, wages, and exchange rates. Brazilians were deputized as fiscais, or price inspectors, to police the price freeze in supermarkets and shopping malls. Indexation of contracts with less than one year's duration was prohibited. A new currency, the cruzado, was created at a value of 1,000 cruzeiros. After a devaluation, the cruzado was fixed at 13.84 cruzados to the dollar. A neglect of tough fiscal adjustments combined with passive monetary policy that accommodated domestic deficits resulted in the re-eruption of inflation.