The "heterodox shock" approach to stabilization is based on a flawed concept of inflation. The countries that entered this path are likely to remain for a long time under a controlled economy, sacrificing their growth potential for some stabiblity in income distribution and less explosive inflation.
The "heterodox shock" approach to stabilization is based on a flawed concept of inflation. The countries that entered this path are likely to remain for a long time under a controlled economy, sacrificing their growth potential for some stabiblity in income distribution and less explosive inflation.