Traditional themes: On stop-go cycles and contractive devaluations

The interest in studying specific features of the macroeconomic performance of the country from an analytical perspective has a long history in Argentina. In the 1960s and 1970s a rich body of work investigated salient patterns of economic behavior such as the sharp fluctuations in real activity, in...

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Autores principales: Heymann, Daniel, Nakab, Alejandro
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET) 2023
Materias:
Acceso en línea:https://ojs.economicas.uba.ar/DT-IIEP/article/view/2629
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2629_oai
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spelling I28-R145-2629_oai2025-02-11 Heymann, Daniel Nakab, Alejandro 2023-02-09 The interest in studying specific features of the macroeconomic performance of the country from an analytical perspective has a long history in Argentina. In the 1960s and 1970s a rich body of work investigated salient patterns of economic behavior such as the sharp fluctuations in real activity, inflation and relative prices associated with the varying availability of foreign exchange (stop- go). We revisit such themes, within a framework similar to that employed in the traditional literature, and putting emphasis on the implications of macroeconomic budget constraints. The results inform about conditions for the validity of effects like contractionary devaluations. El interés por estudiar con una perspectiva analítica rasgos particulares del desempeño macroeconómico del país tiene larga historia en la Argentina. En los 1960s y 1970s, un rico conjunto de trabajos investigó patrones de comportamiento salientes, como las intensas fluctuaciones de actividad y precios asociadas con la variable disponibilidad de divisas (stop go). En este artículo se vuelve sobre estos temas, en un marco analítico similar al empleado en la literatura tradicional, y poniendo énfasis en las implicancias de las restricciones macroeconómicas de presupuesto. Los resultados permiten precisar condiciones para la validez de efectos como las devaluaciones contractivas. application/pdf https://ojs.economicas.uba.ar/DT-IIEP/article/view/2629 spa Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET) https://ojs.economicas.uba.ar/DT-IIEP/article/view/2629/3378 Documentos de trabajo del Instituto Interdisciplinario de Economía Política; Núm. 18 (2017): Documento de trabajo del Instituto Interdisciplinario de Economía Política UBA CONICET Working Papers series at Instituto Interdisciplinario de Economía Política; No. 18 (2017): Working paper of Interdisciplinary Institute of Political Economy of Buenos Aires UBA CONICET 2451-5728 Devaluaciones contractivas Precios Ciclos Stop-go Contractive Devaluations Prices Stop-go Cycles Traditional themes: On stop-go cycles and contractive devaluations Temas tradicionales: Sobre ciclos stop-go y devaluaciones contractivas info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2629_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Español
orig_language_str_mv spa
topic Devaluaciones contractivas
Precios
Ciclos Stop-go
Contractive Devaluations
Prices
Stop-go Cycles
spellingShingle Devaluaciones contractivas
Precios
Ciclos Stop-go
Contractive Devaluations
Prices
Stop-go Cycles
Heymann, Daniel
Nakab, Alejandro
Traditional themes: On stop-go cycles and contractive devaluations
topic_facet Devaluaciones contractivas
Precios
Ciclos Stop-go
Contractive Devaluations
Prices
Stop-go Cycles
description The interest in studying specific features of the macroeconomic performance of the country from an analytical perspective has a long history in Argentina. In the 1960s and 1970s a rich body of work investigated salient patterns of economic behavior such as the sharp fluctuations in real activity, inflation and relative prices associated with the varying availability of foreign exchange (stop- go). We revisit such themes, within a framework similar to that employed in the traditional literature, and putting emphasis on the implications of macroeconomic budget constraints. The results inform about conditions for the validity of effects like contractionary devaluations.
format Artículo
publishedVersion
author Heymann, Daniel
Nakab, Alejandro
author_facet Heymann, Daniel
Nakab, Alejandro
author_sort Heymann, Daniel
title Traditional themes: On stop-go cycles and contractive devaluations
title_short Traditional themes: On stop-go cycles and contractive devaluations
title_full Traditional themes: On stop-go cycles and contractive devaluations
title_fullStr Traditional themes: On stop-go cycles and contractive devaluations
title_full_unstemmed Traditional themes: On stop-go cycles and contractive devaluations
title_sort traditional themes: on stop-go cycles and contractive devaluations
publisher Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET)
publishDate 2023
url https://ojs.economicas.uba.ar/DT-IIEP/article/view/2629
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2629_oai
work_keys_str_mv AT heymanndaniel traditionalthemesonstopgocyclesandcontractivedevaluations
AT nakabalejandro traditionalthemesonstopgocyclesandcontractivedevaluations
AT heymanndaniel temastradicionalessobreciclosstopgoydevaluacionescontractivas
AT nakabalejandro temastradicionalessobreciclosstopgoydevaluacionescontractivas
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