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Inflation and the costs of stabilization : historical and recent experiences and policy lessons (anglais)

This article reviews various experiences with stabilization. It first examines stabilization programs in the context of hyperinflation-looking at the experiences of Austria and Germany in the early 1920s and Bolivia in 1985-and then reviews and interprets the results of orthodox stabilization plans (applied in Argentina, Chile, and Uruguay during the mid-1970s and early 1980s) and those of heterodox programs (the austral plan in Argentina and the...
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