Monetary Stabilization
Controlled domain within this editorial series.
RESEARCH SERIES
Policy Experiments & Institutional Transitions
Deep case studies of implemented reforms, programs and institutional transitions, reconstructing design, incentives, sequencing, financing, implementation, outcomes, distributional effects, second-order consequences, durability and limits to transfer across contexts.
Analytical chain
problem → institutional design → incentives → implementation → financing → adaptation → outcomes → distribution → second-order effects → durability → transfer limits. Method →
Economic System Transitions
Controlled domain within this editorial series.
Social Policy & Human Capital
Controlled domain within this editorial series.
State Capacity & Governance
Controlled domain within this editorial series.
Industrial & Development Policy
Controlled domain within this editorial series.
Resource Revenue Governance
Controlled domain within this editorial series.
Labour, Housing & Social Insurance
Controlled domain within this editorial series.
Crisis Resolution & Financial Restructuring
Controlled domain within this editorial series.
Published research
Argentina's Convertibility regime: rapid disinflation, a hard nominal anchor and the cost of losing adjustment capacity
The 1991 legal dollar parity rapidly reduced inflation and restored nominal credibility, but its hard exchange-rate constraint increasingly shifted adjustment onto domestic prices, output, fiscal accounts and debt as external conditions deteriorated.
Bolivia's 1985 stabilization: ending hyperinflation by breaking the fiscal-monetary loop
The August 1985 program sharply reduced fiscal financing pressure while changing the exchange-rate, price and public-sector regime; hyperinflation ended quickly, but the wider restructuring carried distinct employment and distributional costs.
Israel's 1985 stabilization: why several nominal anchors had to move together
The July 1985 program combined fiscal correction, tight money, exchange-rate stabilization and a negotiated wage-price framework to interrupt an inflation process embedded in several indexed institutions at once.
Brazil's Real Plan: how the URV broke the coordination mechanism of inertial inflation
The 1994 stabilization separated the unit of account from the means of payment before launching the real, attacking backward-looking indexation while fiscal, monetary, credit and exchange-rate measures supported the transition.