Bolivia: Hyperinflation, stabilisation, and beyond
分析了1984-85年玻利维亚恶性通胀的根源在于外部融资和分配冲突，并考察了新经济政策如何通过正统手段解决这些问题，同时计量研究了通胀的直接决定因素。
This article argues that the Bolivian hyperinflation of 1984–85 was fundamentally rooted in problems of external finance and distributional conflict and shows how the New Economic Policy (NEP) addressed these issues with an orthodox approach that attracted the support of international lending institutions and shifted the balance of power away from labour. Along the way, I conduct an econometric investigation of the proximate determinants of inflation in both the hyperinflationary and post‐inflation periods. I close by considering current and future problems in the Bolivian macroeconomy.