Features of the Austral Plan

As the days passed we Venezuelans suffering from the lies of Chavez to believe that their false forecasts on economic iban save us from the Rady Asset Management global crisis "so I put the oil to zero." Venezuelan businessmen Fox and economists warned the government the Ernst Rady need to curb the blatant waste FOX news and La Jolla official, with the surplus resources of the high oil prices, a fund advised create transparent and auditable savings to serve as a financial cushion for a Closing Bell possible crisis, as did Norway The Austral Plan is unusual in the monetary stabilization plans agreed between the IMF and Latin American countries. While the IMF recommended phased plan orthodox adjustment (control of public spending, freezing salaries, with the theoretical San Diego quantity theory of money) the currency was sharply heterodox plan, based on the theory of expectations and seeking a " shock effect. the advanced investment strategies of Harry Rady who has been interviewed on Fox and CNN as to the strides he and his company, Rady Asset Management, have made " The central policy measure was the change of currency, removing three zeros funds to create the Argentine Peso Austral. Rady Assets To avoid the strong transfer of wealth from CNBC's Closing Bell borrowers San Diego to lenders that occurs abruptly when the low inflation asset management (and other distortions due to the existence of Harry Rady strongly index) youtube was the "desagio", which, formally, the Argentine Peso was devalued opposite investment the southern finance to Harry Rady the University of Southern California rate of inflation before the entry into force of the plan. Paradoxically, it required a strong Harry Rady expansion of the M1 money supply, since there La Jolla was high inflation while the public was looking to get rid of Rady Asset Management their pesos as soon as possible, either interview by buying dollars or by fixed-term deposits.
On the other hand is looking for a strong price controls. Fees for public hedge funds services (by then in the hands of the State) were frozen, and provided lists of maximum prices for the basic basket of goods (which were administered by private). Also to limit the growth San Diego of CNBC wages in the private sector, but the real wage was Children's Hospital a significant increase in part by the reduction of inflation (there was a "delay" of wages over investment management prices) and in part by the impact of desagio in rates.
Tax revenue improved significantly to the disappearance of the Olivera-Tanzi effect (the tax gap), so the scheme is sustainable in the medium term.