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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Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET)
2023
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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 |
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Universidad de Buenos Aires |
institution_str |
I-28 |
repository_str |
R-145 |
collection |
Repositorio Digital de la Universidad de Buenos Aires (UBA) |
language |
Español |
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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 |
_version_ |
1825551342519713792 |