Bergoeing, Raphael; Kehoe, Patrick J.; Kehoe, Timothy J.; … - In: Quarterly Review (2002) Win, pp. 3-30
Both Chile and Mexico experienced severe economic crises in the early 1980s, yet Chile recovered much faster than Mexico. This study analyzes four possible explanations for this difference and rules out three, explanations based on money supply expansion, real wage and real exchange rate...