Download or read book Chile's Experience with Stabilization, Revisited written by Vittorio Corbo and published by World Bank Publications. This book was released on 1991 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cost of stabilization in chronic- inflation countries is high, whether it is paid up front (with fiscal shock) or delayed (in exchange- rate- based stabilization). And eliminating the fiscal deficit is a necessary but not a sufficient condition for controlling inflation. The breaking of inertia calls for a coordination device in the transition toward price stability.