hypotheses analyzed are: (i) the supply-side effects associated with an inflation decline; (ii) the perception that the exchange …

Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit … inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods …. In this paper we first set out theories of persistent inflation, which can be classified into those emphasizing …

, inertial inflation and the basics of monetary reform. We also review the actual stabilization experience in Argentina, Brazil …In 1985-86 Argentina, Brazil and Israel initiated programs of stabilization after episodes of high and sharply … accelerating inflation. Among the key features of each stabilization program were the use of wage- price controls, a fixed exchange …

on Chile, Mexico and Venezuela are used to investigate the extent to which alternative exchange rate regimes affect …This paper analyzes the relationship between exchange rates, inflation and disinflation in Latin America. The analysis … constraints imposed by fixed exchange rates on their domestic credit policy. Between that date and the late 1980s, when the fixed …

the type Chile implemented throughout most of the 1990s reduce a country's vulnerability to contagion. I also deal, albeit … presented in this paper shows that the effectiveness of Chile's controls on inflows has often been overstated. Indeed, Chile was …

better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and … Mexico …