By Alejandro Foxley

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Extra resources for Latin American Experiments in Neoconservative Economics

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Unfortunately, the series begins in 1974 which does not allow us to compare economic performance with previous periods. Figures are percentages. (2) Consumer Price Index from R. Cortázar and J. Marshall, ''El índice de precios al consumidor," Colección Estudios CIEPLAN, No. 4, 1980. Figures are in millions of dollars. (3) Treasury Department, Exposición sobre el Estado de la Hacienda Pública, Jan. 1978; and ODEPLAN, Cuentas Nacionales de Chile. Figures are percentages of GDP. (4) Central Bank of Chile, in R.

13) w: Real wages and salaries index based on CPI and official figures for nominal wages and salaries; INE. < previous page page_51 next page > < previous page page_52 next page > Page 52 eliminated. Additional contraction in demand was pursued by attempting to reduce the rate of expansion in money supply and by a contraction in real wages. Other objectives consisted of preparing the ground for long-term structural changes. Policy measures in this area were varied. They consisted of returning to previous owners private property that had been taken over by workers or by the government.

Additional contraction in demand was pursued by attempting to reduce the rate of expansion in money supply and by a contraction in real wages. Other objectives consisted of preparing the ground for long-term structural changes. Policy measures in this area were varied. They consisted of returning to previous owners private property that had been taken over by workers or by the government. Previously expropriated American companies, mainly in the copper sectors, were compensated for by a presumed underpayment.

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