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Item type:Publication, Precios relativos y cambio de régimen en el Perú : del fracaso de la heterodoxia a la hiperinflación(Pontificia Universidad Católica del Perú. Departamento de Economía, 1993)A paper discussing the dynamics of relative prices since 1985 by comparing performance during inflationary accelerations and both orthodox and heterodox de-inflation. A hypothesis is made that an initial change of regime happened in 1988 (high inflation but not hyperinflationary regime) and another in 1990. This is conceptualized as a transitional regime since the present relative price structure cannot be sustained. The final outcome will depend on what measures are adopted. If the present economic policy persists, the author predicts the program’s collapse and hyperinflation are highly probable. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Hiperinflación y cambio de régimen en el Perú : un análisis comparativo(Pontificia Universidad Católica del Perú. Departamento de Economía, 1991)A new approach to inflation in Peru from a different viewpoint than the typical monetary-fiscal analysis, this paper does not examine several typical indicators and does not delve into the issue of dollarized (or not) prices, nor the transmission factors or mechanisms that would account for inflation’s inertial component. It rather focuses on the institutional framework leading to changes in the economic agents’ behavior, given steep inflation in Peru toward the end of the 1980s.