Inflation stabilization : the experience of Israel, Argentina, Brazil, Bolivia, and Mexico
著者
書誌事項
Inflation stabilization : the experience of Israel, Argentina, Brazil, Bolivia, and Mexico
MIT Press, c1988
大学図書館所蔵 件 / 全37件
-
該当する所蔵館はありません
- すべての絞り込み条件を解除する
注記
Papers and comments presented at the conference titled: "Inflation stabilization" held in Toledo, Spain, June 1987, cosponsored by the World Institute for Development Economics Research (WIDER) of the United Nations University, the Ford Foundation, the Rockefeller Foundation, and the Fundacion Ortega y Gasset
Includes bibliographies and index
内容説明・目次
内容説明
Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel in 1985-86, and discusses the possibility of such a program in Mexico. It documents the initial steps in stabilization as well as the reasons for failure.As architects of the programs, several of the authors are in key positions to assess which aspects were critical in getting the programs accepted and where to look for difficulties and failures.In Israel, inflation was halted without recession. The challenge to policy makers today is in shifting from stabilization to the revival of sustained growth. This experience is described fully by Michael Bruno and Sylvia Piterman, who examine the critical issue of exchange rates, and by Alex Cukierman, who uses modeling to analyze the interaction of money, wages, prices, and activity under rational expectations that take the government's policy objectives into account.Endemic inflation and a sudden increase in external debt burden Argentina's economy, raising the wider issues of high inflation economies and stabilization that are discussed in the chapter by Jose Luis Machinea and that by Guido Di Tella and Alfredo Canavese.Eduardo Modiano and Mario Simonsen take up issues of wages in Brazil, particularly the problem of finding an equitable way to deal with a wage freeze; Simonsen develops an ambitious game theoretic rationalization of incomes policy as a coordinating device for imperfectly competitive economies.Bolivia did reach hyperinflation (price increases of more than 50 percent each month) before stabilizing. Juan Antonio Morales shows how stabilizing the exchange rate, in an economy where all pricing was already geared to the dollar, achieved stabilization without a wage or price freeze. And Francisco Gil Diaz asks whether an incomes-policy based program could work to control ever increasing inflation in Mexico.
「Nielsen BookData」 より