The Credibility and the Macroeconomic Policy after the abandonment of Convertibility

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This paper describes and analyzes the macroeconomic policy, in particular the monetary and exchange policy, adopted since the abandonment of the Convertibility in 2002 by the Government of E. Duhalde from considering the concept of credibility. The analysis concluded that: 1) the announcements and m...

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Autores principales:	Visintini, Alfredo Aldo, Rosales, Julio
Formato:	Artículo revista
Lenguaje:	Español
Publicado:	Facultad de Ciencias Económicas. Instituto de Economía y Finanzas 2019
Materias:	Macroeconomic Policy Stabilization Policy Fiscal and Monetary Policy Analysis Economic Policy Episodes Economic History E61 E63 E65 N16 Política Macroeconómica Políticas de Estabilización Análisis de Políticas Fiscales y Monetarias Episodios de Política Económica Historia Económica
Acceso en línea:	https://revistas.unc.edu.ar/index.php/acteconomica/article/view/24269
Aporte de:	Revistas de la UNC de Universidad Nacional de Córdoba

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institution	Universidad Nacional de Córdoba
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container_title_str	Revistas de la UNC
language	Español
format	Artículo revista
topic	Macroeconomic Policy Stabilization Policy Fiscal and Monetary Policy Analysis Economic Policy Episodes Economic History E61 E63 E65 N16 Política Macroeconómica Políticas de Estabilización Análisis de Políticas Fiscales y Monetarias Episodios de Política Económica Historia Económica E61 E63 E65 N16
spellingShingle	Macroeconomic Policy Stabilization Policy Fiscal and Monetary Policy Analysis Economic Policy Episodes Economic History E61 E63 E65 N16 Política Macroeconómica Políticas de Estabilización Análisis de Políticas Fiscales y Monetarias Episodios de Política Económica Historia Económica E61 E63 E65 N16 Visintini, Alfredo Aldo Rosales, Julio The Credibility and the Macroeconomic Policy after the abandonment of Convertibility
topic_facet	Macroeconomic Policy Stabilization Policy Fiscal and Monetary Policy Analysis Economic Policy Episodes Economic History E61 E63 E65 N16 Política Macroeconómica Políticas de Estabilización Análisis de Políticas Fiscales y Monetarias Episodios de Política Económica Historia Económica E61 E63 E65 N16
author	Visintini, Alfredo Aldo Rosales, Julio
author_facet	Visintini, Alfredo Aldo Rosales, Julio
author_sort	Visintini, Alfredo Aldo
title	The Credibility and the Macroeconomic Policy after the abandonment of Convertibility
title_short	The Credibility and the Macroeconomic Policy after the abandonment of Convertibility
title_full	The Credibility and the Macroeconomic Policy after the abandonment of Convertibility
title_fullStr	The Credibility and the Macroeconomic Policy after the abandonment of Convertibility
title_full_unstemmed	The Credibility and the Macroeconomic Policy after the abandonment of Convertibility
title_sort	credibility and the macroeconomic policy after the abandonment of convertibility
description	This paper describes and analyzes the macroeconomic policy, in particular the monetary and exchange policy, adopted since the abandonment of the Convertibility in 2002 by the Government of E. Duhalde from considering the concept of credibility. The analysis concluded that: 1) the announcements and macroeconomic policy measures taken to deal with the crisis were implemented in a context of total loss of credibility of the authorities after the abandonment of the Convertibility, 2) the response of the In the face of such a loss of credibility, the government took fiscal and monetary adjustments to extremes in order to contain the exchange volatility and reverse the expectations of hyperinflation with a huge cost in terms of falling output, increased unemployment and poverty, and 3) the reversion of the expectations of the economic agents, which manifested itself in the containment of the volatility of the exchange rate, shows that the strong fiscal and monetary adjustment had a much greater weight than the reputational factors in the formation of the expectations
publisher	Facultad de Ciencias Económicas. Instituto de Economía y Finanzas
publishDate	2019
url	https://revistas.unc.edu.ar/index.php/acteconomica/article/view/24269
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The Credibility and the Macroeconomic Policy after the abandonment of Convertibility

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