Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/314463 
Title (translated): 
Inflación descontrolada en chile, 1970-1973
Year of Publication: 
2024
Citation: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 51 [Issue:] 2 [Year:] 2024 [Pages:] 383-416
Publisher: 
Universidad de Chile, Departamento de Economía, Santiago de Chile
Abstract: 
In this essay, I argue that the explosion of inflation during the Salvador Allende administration in Chile (above 1,500% on a six-month annualized measure) was predictable. The government's use of massive and strict price controls generated acute macroeconomic imbalances. I postulate that the combination of runaway inflation, shortages, and black markets generated major hostility among the middle class and that that unhappiness reduced the support for the Unidad Popular government.
Subjects: 
Socialism
Salvador Allende
devaluation
hyperinflation
Chile
price controls
Unidad Popular
JEL: 
B22
E52
E58
F31
F33
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Article

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