Escobal, J. y Saavedra, J. (1989). Precios, costos y desequilibrio monetario: la experiencia peruana 1981-1988 (Documento de trabajo N° 6). Lima: GRADE.

This paper analyses the inflationary process in Peru during the period 1981-1988. The results of this paper show the need for further study of the different mechanisms that drive inflation. It also assesses the importance of cost and demand pressures at different points in the business cycle and discusses the importance of inertial processes.