Inflation in Argentina: stop and go since the Austral plan

Miguel A. Kiguel

No 162, Policy Research Working Paper Series from The World Bank

Abstract: The Austral plan, launched in 1985, was Argentina's most recent stabilization strategy for reducing high inflation. A heterodox program, it combined orthodox components - tight fiscal policy and monetary restraint - with less conventional wage and price controls. The Austral plan failed to bring inflation down on a sustained basis, butit provided useful lessons about the design of heterodox stabilization programs, the difficulties of sustaining this type of effort, and the consequences of failure.

Keywords: Economic Theory&Research; Economic Stabilization; Environmental Economics&Policies; Insurance&Risk Mitigation; Banks&Banking Reform (search for similar items in EconPapers)
Date: 1989-03-31
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Citations: View citations in EconPapers (12)

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