Abstract
In April 1991, the Argentine government initiated the central component of yet another program to stabilize an economy still suffering from continuing bouts of rampant inflation. This effort, unlike its numerous predecessors, which had cut, but not defeated, high inflation, proved a rapid and stunning success. Designed and implemented under the guidance of the new Minister of Economy Domingo Cavallo, the “Cavallo Plan” cut the monthly rate of inflation from 11% (in March 1991) to only 1.3% in August and then to just 0.6% by December of that year. While consumer prices rose 172% in 1991, they increased only 4% in 1994 (see Table 1).
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Journal of Interamerican Studies and World Affairs
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
