Orthodox stabilization programs in Latin American countries have been notoriously unsuccessful in combating inflation, despite the imposition of stringent cuts in government deficits. In most cases inflation came down only slowly and temporarily, with concomitant declines in growth and employment. The Bolivian program, one of the only Latin American successes, is contrasted with those of Argentina, Brazil, Chile, and Mexico. The problems of dealing...
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1988/09/30
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Журнальная статья
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14183
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1
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1
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2010/07/01
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Inflationary rigidities and orthodox stabilization policies : lessons from Latin America
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inflation
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