The purpose of this paper is to review some stabilization and/or structural adjustment programs adopted in Latin America (Argentina, Bolivia, Brazil, Colombia) during the period 1984-1988. The program of Israel is also included because it represents an interesting case for comparison. As a...

This study explores two aspects of Colombian chronic but moderate inflation experience during the period 1970 1990. Based on time series analysis, the study suggests that the policy to increase relative price of energy products be complemented with expenditure reducing mechanisms to avoid the...

The concept of interest rate parity is here revisited, emphasizing the different results that are obtained when the analysis is made either using a nominal interest rate difference, adjusted by the actual or expected rate of depreciation, or using a real interest rate difference. The results...