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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Runaway inflation; experiences and options

Inflation was a major concern for Prebisch from his time in central banking np to the end of his career, when he stressed the need for new thinking by Latin American economists about stabilization policy. The topic is of vital importance, not only for Latin America, but also for the world in general, for specialists in industrialized countries have also been unable to elaborate policy recommendations for their governments that will resolve the dilemma between inflation and monetary restriction.

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