The economic reforms implemented by the Chicago Boys had three main objectives: economic liberalization, privatization of state-owned companies, and stabilization of inflation. The first reforms were implemented in three rounds – 1975–82, 1985–present, the first of which led to the crisis of 1982.[2] The reforms were continued and strengthened after 1990 by the post-Pinochet center government of Patricio Aylwin's Christian Democrats.[3] However, the center-left government of Eduardo Frei Ruiz-Tagle also made a commitment to poverty reduction.