This book analyzes the Peruvian and Bolivian macroeconomic experiments. It contrasts the logic of orthodox and heterodox policy, offers an account of the dynamics of hyperinflation and stabilization, explores the explicit and implicit class character, and suggests some lessons for future policy .
1. Macroeconomic Experiments in the 1980s 2. The Macroeconomics of Adjustment: Orthodox Views 3. The Macroeconomics of Adjustment: A Structuralist Model 4. Bolivia: Hyperinflation and Stabilization 5. Peru: Stabilization and Hyperinflation 6. Evaluating the Experiments