Mexican stabilization plan: 1982-1989
The paper analyses economic policy measures related to the 1982-89 Mexicanstabilization plan. It shows that the first phase was predominantly orthodox. In a second step,a deindexation policy was followed, which kept prices and wages virtually constant duringapproximately two years. The results so fa...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1991 |
| País: | Brasil |
| Institución: | EDITORA 34 |
| Repositorio: | Revista de Economia Política |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1478 |
| Acceso en línea: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1478 |
| Access Level: | acceso abierto |
| Palabra clave: | Inflação estabilização Inflation stabilization |
| Sumario: | The paper analyses economic policy measures related to the 1982-89 Mexicanstabilization plan. It shows that the first phase was predominantly orthodox. In a second step,a deindexation policy was followed, which kept prices and wages virtually constant duringapproximately two years. The results so far have been significant reduction of inflationrates, the main cost being a loss of foreign exchange reserves and a substantial decrease ofreal wages. The Mexican stabilization experiment is usually presented as a successful caseof adjustment to the external sector crisis and inflation reduction. A decisive test of theprogram, however, will take place when prices and wages were liberalized. JEL Classification: E31. |
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