Inflation, stabilization, growth in Argentina : a CGE approach : economic successes and problems under the convertibility law /
This paper reports the results of simulation experiments which were conducted by using a CGE model of Argentina. The results suggest that: the economy could not have been stabilized by using the preannouneed devaluation rate during 1978-81; economic perfor- mance could have improved in 1985-89 under...
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| Format: | Livre |
| Langue: | Inglés |
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Buenos Aires :
Universidad Torcuato Di Tella,
1995.
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| Collection: | Economía. Seminarios ;
11 |
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| Résumé: | This paper reports the results of simulation experiments which were conducted by using a CGE model of Argentina. The results suggest that: the economy could not have been stabilized by using the preannouneed devaluation rate during 1978-81; economic perfor- mance could have improved in 1985-89 under a modified Austral plan but, with the altered structure, there would still be a severe currency appreciation; and the Convertibility Law based programme is very successful in arresting inflation and eliminating a budget deficit, though it is not free from side effects such as money supply shortages and high interest rates. |
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| Description matérielle: | 37 p. : graf. ; 22 cm. |
| Bibliographie: | Incluye referencias bibliográficas (p. 18-19) |