Data/hora: 23/06/2024 03:50:08

Biblioteca(s): | Embrapa Pantanal.
Data corrente: | 27/05/1996
Data da última atualização: | 27/05/1996
Autoria: | RAMOS, J. R.
Título: | The economics of hyperstagflation. Stabilization policy in post 1973 Chile.
Ano de publicação: | 1980
Fonte/Imprenta: | Journal of Development Economics, v.7, n.4, p.467-488, 1980.
Idioma: | Inglês
Conteúdo: | This paper examines the stabilization policy of post 1973 Chile and attempts to explain the coexistence for four years of rates of inflation averaging well over 200 percent/year with a demand deficient depression comparable in its severity to the Depression of the '30s. The analysis is concluded in the framework of 'disequilibrium' models. It concludes that the origins, severity and duration of such 'hyperstagflation' lie in the stabilization policy's neglect of inflationary expectations, especially in the product market, thus forcing the labor market to absorb the brunt of a disequilibrium whose origins lay in the product market.
Palavras-Chave: | Economic; Hyperstagflation.
Thesagro: | Economia.
Thesaurus Nal: | Chile.
Categoria do assunto: | --
Registro original: | Embrapa Pantanal (CPAP)
Exemplares: | CPAP - (32079-1) - ADC - SP - -- - SP2557 -  - 2557 - DIS