CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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Central America: Inflation and stabilization in the crisis and post-crisis eras

The small, open economies of the Central American countries have all, to a large extent, been subject to the same determinants of inflation. The oil shocks of the 1970s brought the era of stable prices and steady growth in the subregion to an end. External factors continue to have a significant influence on price movements. In addition to the direct impact of international prices, the availability of external resources, which cases supply and demand pressures, also plays a role. It is true, however, that the nature of the national economic policies adopted to deal with fiscal imbalances have led to a progressive differentiation of the inflationary processes experienced by each country.

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