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Book Categories |
List of Tables | ||
List of Figures | ||
Acknowledgments | ||
1 | Macroeconomic Experiments in the 1980s | 1 |
The Peruvian and Bolivian Experiments | 5 | |
The Foci of Analysis | 6 | |
Plan of the Book | 10 | |
2 | The Macroeconomics of Adjustment: Orthodox Views | 15 |
Orthodox Stabilization and Adjustment | 16 | |
Conclusion: Realism, Class, and Orthodoxy | 34 | |
3 | The Macroeconomics of Adjustment: A Structuralist Model | 39 |
A Simple Model | 40 | |
A Fuller Model | 48 | |
Inflation Dynamics, Credibility, and Sequencing | 57 | |
Conclusion: Heterodoxy and Class | 61 | |
4 | Bolivia: Hyperinflation and Stabilization | 67 |
Origins and Dynamics of the Bolivian Hyperinflation | 68 | |
The New Economic Policy (NEP) | 87 | |
Conclusion | 99 | |
5 | Peru: Stabilization and Hyperinflation | 107 |
Orthodox Strategy in Peru, 1980-1985 | 108 | |
The Rise and Fall of Peruvian Heterodoxy | 118 | |
Conclusion: Requiem for Heterodoxy? | 136 | |
6 | Evaluating the Experiments | 143 |
Orthodoxy Versus Heterodoxy: Short-term Adjustment | 144 | |
External Constraints and Debt | 149 | |
Politics and Stabilization | 151 | |
Toward the Long Run | 154 | |
Conclusion | 156 | |
Bibliography | 159 | |
Index | 169 |
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