This paper discusses the dynamics of relative prices since 1985 comparing the performance during the inflationary accelerations and disinflations, both orthodox and heterodox. It is postulated that in 1988 there was a «change of regime, (is a regime of high inflation and not hyperinflation) and...

This paper analyze the peruvian economy evolution since 1970 to 1993, testing the mainly growth constraint, using different alternatives of estimation with a “three gap” model. The results show that they have not been, the fiscal gap neither the saving gap, that have limitated the growth....