of macroeconomic policymaking in Bolivia since the 1952 Revolution. Great stress is put on the weakness of fiscal … characteristics of Bolivia's international trade, focusing both on structural features (e.g., the heavy dependence on a small number … dynamics of the hyperinflation during 1982-85, focusing on the complex causal links among the budget deficit, the money supply …

By any standard, Bolivia's economic crisis in the 1980's has been extraordinary. Like its neighbors. Bolivia suffered … from major external shocks, but the extent of economic collapse in the face of these shocks (including a hyperinflation … during 1984-85) suggests that internal factors as well as external shocks have been critical to Bolivia's poor economic …

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 examines the relationship between macroeconomic objectives of controlling inflation and trade … between the two, as a crawling peg exchange-rate policy can prevent inflation from affecting the performance of the foreign … sector. In practice, trade regime objectives have been linked with inflation-reducing objectives, often to the detriment of …

We argue that the Great Inflation experienced by both the United Kingdom and the United States in the 1970s has an … common doctrine underlying the systematic monetary policy choices in each country. The nonmonetary approach to inflation …

inflation and activity. If policy makers are guided by the welfare criterion of the representative household, globalization … forces also lead monetary policy to be more aggressive with regard to inflation fluctuations but, at the same time, more …