Building consensus for stabilizations

Several stabilization attempts in the 1980s in Argentina and Brazil followed a two-stage approach. In the first stage, some partial and temporary measures were taken to achieve a very drastic fall in the inflation rate. In the second stage, which sometimes never materialized, the fiscal reform was i...

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Veröffentlicht in:Journal of development economics
1. Verfasser: Werner, Alejandro M. (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1999
Schlagworte:
Stabilisierungspolitik > Wechselkurspolitik > Preisregulierung > Finanzreform > Neue politische Ökonomie > Theorie > Wirtschaftspolitik > Inflation > Finanzpolitik > Argentinien > Brasilien > Aufsatz in Zeitschrift
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Zusammenfassung:Several stabilization attempts in the 1980s in Argentina and Brazil followed a two-stage approach. In the first stage, some partial and temporary measures were taken to achieve a very drastic fall in the inflation rate. In the second stage, which sometimes never materialized, the fiscal reform was implemented. The author developes a model where, under certain conditions, it will be rational for a government that cannot implement a lasting stabilization, to go ahead with this two-stage approach. (DSE/DÜI)
Beschreibung:In: Journal of development economics
ISSN:0304-3878