Ecuador: The country's progress from chronic to moderate inflation / Luis I. Jácome Hidalgo.

Format:

Book

Government document

Author/Creator:

Jácome, Luis Ignacio, author.

Language:

English

Subjects (All):

Economic and Social Development.

Ecuador.

Local Subjects:

Economic and Social Development.

Ecuador.

Physical Description:

1 online resource (14 pages)

Contained In:

CEPAL Review Vol. 1994, no. 52, p. 115-128 1994:52<115 16840348

Place of Publication:

New York : United Nations, 1994.

System Details:

data file

Summary:

A new stabilization programme has been in effect in Ecuador since September 1992. This article examines the nature of this economic policy, briefly compares it with other stabilization efforts made in the country in the 1980s, and evaluates its achievements so far. By the end of 1993 it had been possible to bring inflation down to 32% per year, after five years in which the rate had averaged more than 55%. It has thus been possible to progress from a situation of chronic inflation to one of moderate price rises, but this has been accompanied by a decline in economic activity, in spite of the drop in real interest rates and the use of the exchange rate as a nominal anchor.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.