only decentralization, but also democracy, from the bottom up. Beginning with Bolivia, I explore the deep economic and …I examine decentralization through the lens of the local dynamics it unleashed in the much-noted case of Bolivia and … performance, and hence of Bolivia's overall decentralization success. I then test these ideas using qualitative data from …

The Bolivian inflation process is analyzed utilizing a time-varying univariate and multivariate Markov-switching model … (TMS). With monthly data and, beginning in the late 1930s, inflation is accurately described by a univariate TMS. The … intercept for the high-inflation regime is significantly higher than for the low-inflation regime and the actual inflation rate …

This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia's monetary policy framework has been … effective in stabilizing inflation in recent times. This has been a challenging task given high price volatility of key consumer … framework has contributed to the stabilization of inflation, with effective transmission through the bank lending channel, while …

After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …

After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained …, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again …. Bolivia has grown since 2002, but government policies since 2006 are reminiscent of the policies of the 1970s that led to the …

After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …

This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia's monetary policy framework has been … effective in stabilizing inflation in recent times. This has been a challenging task given high price volatility of key consumer … framework has contributed to the stabilization of inflation, with effective transmission through the bank lending channel, while …