Monetarism and liberalization : the Chilean experiment /
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| Author / Creator: | Edwards, Sebastian, 1953- |
|---|---|
| Imprint: | Cambridge, MA : Ballinger Pub. Co., c1987. |
| Description: | xxi, 233 p. ; 24 cm. |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/805299 |
Table of Contents:
- List of Figures
- List of Tables
- Preface to the Paperback Edition
- Preface
- 1. The Chilean Experiment: An Overview The Chilean Economy before 1973 The Military Experiment Notes
- 2. The Stabilization Program: From Monetarist Orthodoxy to Exchange Rate Management The Closed Economy Approach to Stabilization: 1975-77 Open Economy Monetarism: 1978-92 The Costs of Disinflation Notes
- 3. Financial Liberalization, Interest Rates, and the Real Exchange Rate The Reform of the Financial Market Financial Intermediation Interest Rates, The "Boom," and Expected Devaluation The Liberalization of the Capital Account, Foreign Indebtedness, and the Real Exchange Rate The Miracle Turns Sour: The Financial Crisis of 1981-82
- Appendix 3A. A Model for Analyzing Real Interest Rate Behavior in a Semi-Open Economy Notes
- 4. Privatization and Deregulation The Privatization Process Privatization, Concentration, and theGruposThe Deregulation Process and the "Seven Modernizations" Notes
- 5. The Liberalization of International Trade The Reform Tariffs, the Real Exchange Rate, and Nominal Exchange Rate Policy, 1974-79 Adjustment and Productivity Response of Exports and Imports Overvaluation and the External Sector Summary Notes
- 6. Unemployment and Income Distribution Government Intervention and Labor Market Structure Population and Labor Force Participation The Behavior of Employment Wages and Indexation The Unemployment "Puzzle": A Suggested Interpretation Income Distribution Summary Notes
- 7. The Sequencing of the Liberalization Reforms The Sequencing of Liberalization in Chile The Appropriate Sequencing of Liberalization of the External Sector: Analytical Aspects The Sequencing of Liberalization: Lessons from Chile Notes
- 8. From Miracle to Crisis: Lessons from the Chilean Experiment External Shocks and the Magnitude of the 1982 Crisis The Conduct of Economic Policy and the Collapse of the Chilean Economy Lessons Notes Afterword: The Chilean Economy after 1983: Recovery and Consolidation of Reforms
- Bibliography
- Index
- About the Authors