When do heterodox stabilization programs work : lessons from experience

摘要: What advantages and disadvantages does the heterodox strategy offer to stabilization programs in countries with chronic high inflation? programs, our definition, are those that support orthodox policies is, tight fiscal policy a fixed exchange rate-with initial, temporary use of incomes policies-that price wage controls. This evaluation, based on several successful unsuccessful, from 1960s 1980s Latin American Israel.