Unlike what happenned in most Latin American economies after the Mexican crisis, the Peruvian trade deficit kept on growing during 1995, in spite of the application of restrictive fiscal and monetary policies. In this paper, a model with free capital mobility, flexible exchange rates and a...

After reviewing the policies of the 1960-1990 period, this paper attempts to survey the commercial and exchange liberalization policies carried out by the Peruvian government between 1990 and 1997, trying thereafter to appraise the consequences of these policies. With regards to commercial...

This paper presents different concepts related to total production functions and total cost functions. From the technological point of view, the analysis is made considering the Leontief technological system and the von Neumann technological system. From the economical point of view, it is...

Two dynamic models are developed in this essay. In both models the rate of inflation, the exchange rate variations and the rate of output growth are determined. They are different only in the treatment of exchange rate expectations. The first one includes adaptive expectations and the second one...

Peru faces an increasing desequilibrium in its trade balance on the nineties, in spite of an expansion on its exports´ value. In part these deficits are presented with our commercial partners of the Andean Community and Mercosur. This paper presents a disaggregated analysis of the Peruvian...

This paper describes the neoliberal experiment of the 90’s, placing it in its historical context. The central hypothesis of the document is that the Peruvian economy of the 90s lacks an operative system of fiscal and monetary policies that functions without producing huge disruptions in the...

The main goal of this paper is to describe the characteristics of business cycle in Peru during 1950-1996, and to show the importance of external shocks for these economic fluctuations. The pattern of economic fluctuations in Peru, in particular the pattern of recessions, seems to be independent...