Economic Adjustment Policies in El Salvador during the 1980s

Wim Pelupessy
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Wim Pelupessy: Tilburg University

Chapter 7 in The Limits of Economic Reform in El Salvador, 1997, pp 139-171 from Palgrave Macmillan

Abstract: Abstract In the preceding two chapters we have discussed the three main sectoral interventions of the government in the new strategy of the 1980s. The analysis of the results of the reforms already indicates some contradictory effects of the implemented macroeconomic policies. In other cases these measures strengthened the sectoral ones, but not in a systematic way. The following citation from a very authoritative spokesman is revealing in this context: “It is difficult to design a development plan for the government, and that is why one–year operating plans, which are little more than firefighting operations, are developed instead,” declared Alberto Benitez Bonilla on resigning from the presidency of El Salvador's Central Reserve Bank (La Prensa Grafica, 12 May 1987).

Keywords: Gross Domestic Product; International Monetary Fund; Money Supply; Macroeconomic Policy; Constant Prex (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37688-5_7

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DOI: 10.1057/9780230376885_7

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