Los Efectos de la Indización Cambiaria y Salarial en el Control de la Inflación: el Caso de Chile, 1975-1981

Alexander Galetovic and Luis Felipe Lagos
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Luis Felipe Lagos: Instituto de Economía

Latin American Journal of Economics-formerly Cuadernos de Economía, 1990, vol. 27, issue 82, 357-380

Abstract: In 1975 Chile implemented an ortodox stabilization program. The fiscal deficit was sharply reduced and monetary policy was tight. However, indexation of wages and the exchange rate to past inflation implied that inflation only gradually declined. In fact,

Date: 1990
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