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Peru in August 1990. The results of the estimation show that there are two different regimes in the government expenditure … process. According to the economic agents' inferences, the stabilization program in Peru is not credible. This lack of …
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It has been quite obvious for several years already that the attempts to achieve the aim of price stability are running into the greatest difficulties. While the rates of inflation are escalating in almost all countries, it is becoming increasingly clear at the same time that the authorities...
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This paper seeks to identify what worked and what didn't work to stop inflation in Argentina in the last seventy years. The approach is descriptive rather than theoretical and examines the relative performance of the only ten stabilization plans that, during the period 1952-2015, lasted at least...
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