Política de estabilização mexicana: 1982-1989
The paper analyses economic policy measures related to the 1982-89 Mexican stabiliza-tion plan. It shows that the first phase was predominantly orthodox. In a second step, a dein-dexation policy was followed, which kept prices and wages virtually constant during approxi-mately two years. The results so far have been significant reduction of inflation rates, the main cost being a loss of foreign exchange reserves and a substantial decrease of real wages. The Mexican stabilization experiment is usually presented as a successful case of adjustment to the external sector crisis and inflation reduction. A decisive test of the program, however, will take place when prices and wages were liberalized.