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...
| Autor principal: | |
|---|---|
| Outros Autores: | |
| Formato: | Livro |
| Idioma: | Inglés |
| Publicado em: |
Buenos Aires :
Universidad Torcuato Di Tella,
1995.
|
| Colecção: | Economía. Seminarios ;
11 |
| Assuntos: |
| Resumo: | 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. |
|---|---|
| Descrição Física: | 37 p. : graf. ; 22 cm. |
| Bibliografia: | Incluye referencias bibliográficas (p. 18-19) |