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Inflation in Argentina : stop and go since the Austral plan

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Author Info
Kiguel, Miguel A.
Abstract

The Austral plan, launched in 1985, was Argentina's most recent stabilization strategy for reducing high inflation. A heterodox program, it combined orthodox components - tight fiscal policy and monetary restraint - with less conventional wage and price controls. The Austral plan failed to bring inflation down on a sustained basis, butit provided useful lessons about the design of heterodox stabilization programs, the difficulties of sustaining this type of effort, and the consequences of failure.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 162.

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Date of creation: 31 Mar 1989
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Handle: RePEc:wbk:wbrwps:162

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Related research
Keywords: Economic Theory&Research; Economic Stabilization; Environmental Economics&Policies; Insurance&Risk Mitigation; Banks&Banking Reform;

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  1. RUGE-MURCIA, Francisco J., 1997. "Credibility and Signaling in Disinflation- a Cross Country Examination," Cahiers de recherche 9712, Universite de Montreal, Departement de sciences economiques. [Downloadable!]
  2. Kiguel, Miguel A. & Liviatan, Nissan, 1989. "The old and the new in heterodox stabilization programs : lessons from the 1960s and the 1980s," Policy Research Working Paper Series 323, The World Bank. [Downloadable!]
  3. Sergio Rebelo & Carlos A. Vegh, 1995. "Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories," NBER Working Papers 5197, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Kiguel, Miguel A. & Liviatan, Nissan, 1991. "Lessons from the heterodox stabilization programs," Policy Research Working Paper Series 671, The World Bank. [Downloadable!]
  5. Kiguel, Miguel & Liviatan, Nissan, 1990. "The business cycle associated with exchange-rate-based stabilization," Policy Research Working Paper Series 513, The World Bank. [Downloadable!]
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This page was last updated on 2009-11-26.


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