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Stabilization policies in Latin America: Some lessons for the new decade

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  • Sergio Clavijo

    (Banco de la República, Colombia)

Abstract

The purpose of this paper is to review some stabilization and/or structural adjustment programs adopted in Latin America (Argentina, Bolivia, Brazil, Colombia) during the period 1984-1988. The program of Israel is also included because it represents an interesting case for comparison. As a result of the analysis, a model of combined policies. (i.e. with orthodox and heterodox features) is proposed.

Suggested Citation

  • Sergio Clavijo, 1992. "Stabilization policies in Latin America: Some lessons for the new decade," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 7(2), pages 209-224.
    • Handle: RePEc:emx:esteco:v:7:y:1992:i:2:p:209-224
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    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/297/300
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    References listed on IDEAS

    as
    1. Sachs, Jeffrey, 1987. "The Bolivian Hyperinflation and Stabilization," American Economic Review, American Economic Association, vol. 77(2), pages 279-283, May.
    2. Thomas J. Sargent, 1982. "The Ends of Four Big Inflations," NBER Chapters, in: Inflation: Causes and Effects, pages 41-98, National Bureau of Economic Research, Inc.
    3. Abraham, Jesse M., 1987. "Income redistribution during a disinflation," Journal of Macroeconomics, Elsevier, vol. 9(2), pages 203-221.
    4. Okun, Arthur M, 1978. "Efficient Disinflationary Policies," American Economic Review, American Economic Association, vol. 68(2), pages 348-352, May.
    5. Bruno, Michael, 1990. "Economic analysis and the political economy of policy formation," European Economic Review, Elsevier, vol. 34(2-3), pages 273-301, May.
    6. Kiguel, Miguel A & Liviatan, Nissan, 1988. "Inflationary Rigidities and Orthodox Stabilization Policies: Lessons from Latin America," The World Bank Economic Review, World Bank, vol. 2(3), pages 273-298, September.
    7. Blejer, Mario I. & Cheasty, Adrienne, 1988. "High inflation, heterodox stabilization, and fiscal policy," World Development, Elsevier, vol. 16(8), pages 867-881, August.
    8. Kiguel, Miguel A. & Liviatan, Nissan, 1988. "Inflationary rigidities and stabilization policies," Policy Research Working Paper Series 4, The World Bank.
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