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Estabilizaciones transitorias y permanentes usando al tipo de cambio o la cantidad de dinero como anclas nominales

Author

Listed:
  • Mariano Fernández

Abstract

o Este documento analiza el resultado de algunos programas de estabilización de precios, clasificados en la literatura como Exchange Rate Based Stabilization (ERBS) y Money Based Stabilization (MBS) a la luz de su carácter temporal. Para ello se desarrolla un marco conceptual teórico que permite diferenciar a cada programa y establecer bajo cuales condiciones se los permite clasificar en transitorios y permanentes. A partir de allí, se estudian las particularidades que los diferencian entre sí, y se arriba a conclusiones que están alineadas al consenso teórico de esta literatura. El artículo se focaliza primordialmente en los programas de estabilización de Argentina desde el inicio de la década de 1960. Abstract This paper analyzes the results of some price stabilization programs classified in the literature as Exchange Rate Based Stabilization (ERBS) and Money Based Stabilization (MBS) in connection to their temporary nature for this, a theoretical and analytical framework is developed that allows differentiating each type of program and establishing under what conditions they are allowed to be classified as temporary and permanent. From that point on, their main characteristics are studied and conclusions are reached that are aligned with the theoretical consensus of this literature. The paper focuses primarily on stabilization programs in Argentina since early 1960s.

Suggested Citation

  • Mariano Fernández, 2021. "Estabilizaciones transitorias y permanentes usando al tipo de cambio o la cantidad de dinero como anclas nominales," CEMA Working Papers: Serie Documentos de Trabajo. 792, Universidad del CEMA.
    • Handle: RePEc:cem:doctra:792
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    More about this item

    Keywords

    INFLACION; DESINFLACION; ESTABILIZACION; TEMPORARIO; PERMANENTE.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

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