Círculos y cuadraturas: presiones inflacionarias y enfermedad holandesa en la Venezuela bolivariana

Abstract

The analysis of inflationary pressures in Bolivarian Venezuela, in their origins and causes (historical and contemporary ones) has to be put into relation to the economic and monetary policy options adopted by the current Venezuelan government, in the framework of the challenges and choices a developing Economy has to face. For getting out of that complicated and involved cycle of underdevelopment. Inflationary pressures deconstruction is achieved by mean of interactions between the main aggregates and the behavior of such variables as public expenditure, prices and consumption. They are placed into relation to the socio-economic and historical background of Venezuelan development. Particularly, the "Dutch disease" theoretical and practical co-ordinates are used here.