What advantages and disadvantages does the heterodox strategy offer to stabilization programs in countries with chronic high inflation? heterodox stabilization programs, in our definition, are those that support orthodox policies that is, tight fiscal policy and a fixed exchange rate-with the initial, temporary use of incomes policies-that is, price and wage controls. This evaluation, based on several heterodox programs, successful and unsuccessful...
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INFORMATION
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1992/01/01
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Article de revue
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77068
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1
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1
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2013/05/13
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Disclosed
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When do heterodox stabilization programs work : lessons from experience
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inflation
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