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Stabilization strategies: Peru

Author

Listed:
  • Rudiger Dornbusch

Abstract

Written just before the new president of Peru, Alberto Fujimori, takes the position,this article incorporates the necessity of banish the populism and take emergencialmeasures together with long-run measures in order to obtain an effective stabilization of theeconomy. It emphasizes what could be considered consensus among the economists fromcountries that have experienced chronic inflation: equilibrium of budget deficit, shock therapy,necessity of income policy. It is concluded that in spite of the costs of an adjustment to bedone, the less privileged classes will suffer much less than in continuous inflationary context. JEL Classification: O43; E60; E31.

Suggested Citation

  • Rudiger Dornbusch, 1991. "Stabilization strategies: Peru," Brazilian Journal of Political Economy, Center of Political Economy, vol. 11(1), pages 15-28.
    • Handle: RePEc:ekm:repojs:v:11:y:1991:i:1:p:15-28:id:1445
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1445/1431
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    More about this item

    Keywords

    Stabilization; political economy; Peru;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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