Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility
- Autores
- Abeles, Martin; Panigo, Demian Tupac
- Año de publicación
- 2015
- Idioma
- inglés
- Tipo de recurso
- artículo
- Estado
- versión publicada
- Descripción
- Despite recognizing the exogenous, cost-push nature of recent inflationary pressures in Latin America, plus the difficulties faced by monetary authorities in dealing, under such circumstances, with internal and external disequilibria simultaneously, intellectual attention in policy circles remains focused on demand-side issues and policy instruments. This paper develops an eclectic model that has the potential to nest demand-side elements, but focuses on cost-push factors - distributional conflict and propagation mechanisms - as typically addressed by the post-Keynesian-structuralist tradition. In addition to shedding some light on the nature of inflationary pressures as experienced in Latin American countries during the recent commodity boom - in particular South American commodity exporting economies - the paper’s main goal is to portray the policy and instrumental trade-offs faced by policy-makers themselves. By bringing unconventional policy devices into the model (such as direct interventions in commodity markets), we hope to broaden the scope of the conventional macroeconomic policy instruments.
Fil: Abeles, Martin. Comisión Económica para América Latina; Argentina. Universidad Nacional de San Martín; Argentina
Fil: Panigo, Demian Tupac. Universidad Metropolitana para la Educación y el Trabajo. Centro de Innovacion de Los Trabajadores; Argentina. Universidad Nacional de La Plata; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Moreno; Argentina - Materia
-
AGFLATION
ALTERNATIVE EXCHANGE-RATE REGIMES
COMMODITY PRICES
COST-PUSH INFLATION
DECOUPLING INSTRUMENTS
LATIN AMERICA - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
- Repositorio
- Institución
- Consejo Nacional de Investigaciones Científicas y Técnicas
- OAI Identificador
- oai:ri.conicet.gov.ar:11336/127587
Ver los metadatos del registro completo
id |
CONICETDig_2a60ff06e51d77d6c1ed5b55b5a6af2f |
---|---|
oai_identifier_str |
oai:ri.conicet.gov.ar:11336/127587 |
network_acronym_str |
CONICETDig |
repository_id_str |
3498 |
network_name_str |
CONICET Digital (CONICET) |
spelling |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatilityAbeles, MartinPanigo, Demian TupacAGFLATIONALTERNATIVE EXCHANGE-RATE REGIMESCOMMODITY PRICESCOST-PUSH INFLATIONDECOUPLING INSTRUMENTSLATIN AMERICAhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5Despite recognizing the exogenous, cost-push nature of recent inflationary pressures in Latin America, plus the difficulties faced by monetary authorities in dealing, under such circumstances, with internal and external disequilibria simultaneously, intellectual attention in policy circles remains focused on demand-side issues and policy instruments. This paper develops an eclectic model that has the potential to nest demand-side elements, but focuses on cost-push factors - distributional conflict and propagation mechanisms - as typically addressed by the post-Keynesian-structuralist tradition. In addition to shedding some light on the nature of inflationary pressures as experienced in Latin American countries during the recent commodity boom - in particular South American commodity exporting economies - the paper’s main goal is to portray the policy and instrumental trade-offs faced by policy-makers themselves. By bringing unconventional policy devices into the model (such as direct interventions in commodity markets), we hope to broaden the scope of the conventional macroeconomic policy instruments.Fil: Abeles, Martin. Comisión Económica para América Latina; Argentina. Universidad Nacional de San Martín; ArgentinaFil: Panigo, Demian Tupac. Universidad Metropolitana para la Educación y el Trabajo. Centro de Innovacion de Los Trabajadores; Argentina. Universidad Nacional de La Plata; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Moreno; ArgentinaEdward Elgar Publishing Ltd.2015-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/127587Abeles, Martin; Panigo, Demian Tupac; Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility; Edward Elgar Publishing Ltd.; Review of Keynesian Economics; 3; 4; 10-2015; 517-5352049-5331CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://www.elgaronline.com/view/journals/roke/3-4/roke.2015.04.05.xmlinfo:eu-repo/semantics/altIdentifier/doi/10.4337/roke.2015.04.05info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-29T10:19:17Zoai:ri.conicet.gov.ar:11336/127587instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-29 10:19:17.386CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse |
dc.title.none.fl_str_mv |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility |
title |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility |
spellingShingle |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility Abeles, Martin AGFLATION ALTERNATIVE EXCHANGE-RATE REGIMES COMMODITY PRICES COST-PUSH INFLATION DECOUPLING INSTRUMENTS LATIN AMERICA |
title_short |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility |
title_full |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility |
title_fullStr |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility |
title_full_unstemmed |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility |
title_sort |
Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility |
dc.creator.none.fl_str_mv |
Abeles, Martin Panigo, Demian Tupac |
author |
Abeles, Martin |
author_facet |
Abeles, Martin Panigo, Demian Tupac |
author_role |
author |
author2 |
Panigo, Demian Tupac |
author2_role |
author |
dc.subject.none.fl_str_mv |
AGFLATION ALTERNATIVE EXCHANGE-RATE REGIMES COMMODITY PRICES COST-PUSH INFLATION DECOUPLING INSTRUMENTS LATIN AMERICA |
topic |
AGFLATION ALTERNATIVE EXCHANGE-RATE REGIMES COMMODITY PRICES COST-PUSH INFLATION DECOUPLING INSTRUMENTS LATIN AMERICA |
purl_subject.fl_str_mv |
https://purl.org/becyt/ford/5.2 https://purl.org/becyt/ford/5 |
dc.description.none.fl_txt_mv |
Despite recognizing the exogenous, cost-push nature of recent inflationary pressures in Latin America, plus the difficulties faced by monetary authorities in dealing, under such circumstances, with internal and external disequilibria simultaneously, intellectual attention in policy circles remains focused on demand-side issues and policy instruments. This paper develops an eclectic model that has the potential to nest demand-side elements, but focuses on cost-push factors - distributional conflict and propagation mechanisms - as typically addressed by the post-Keynesian-structuralist tradition. In addition to shedding some light on the nature of inflationary pressures as experienced in Latin American countries during the recent commodity boom - in particular South American commodity exporting economies - the paper’s main goal is to portray the policy and instrumental trade-offs faced by policy-makers themselves. By bringing unconventional policy devices into the model (such as direct interventions in commodity markets), we hope to broaden the scope of the conventional macroeconomic policy instruments. Fil: Abeles, Martin. Comisión Económica para América Latina; Argentina. Universidad Nacional de San Martín; Argentina Fil: Panigo, Demian Tupac. Universidad Metropolitana para la Educación y el Trabajo. Centro de Innovacion de Los Trabajadores; Argentina. Universidad Nacional de La Plata; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de Moreno; Argentina |
description |
Despite recognizing the exogenous, cost-push nature of recent inflationary pressures in Latin America, plus the difficulties faced by monetary authorities in dealing, under such circumstances, with internal and external disequilibria simultaneously, intellectual attention in policy circles remains focused on demand-side issues and policy instruments. This paper develops an eclectic model that has the potential to nest demand-side elements, but focuses on cost-push factors - distributional conflict and propagation mechanisms - as typically addressed by the post-Keynesian-structuralist tradition. In addition to shedding some light on the nature of inflationary pressures as experienced in Latin American countries during the recent commodity boom - in particular South American commodity exporting economies - the paper’s main goal is to portray the policy and instrumental trade-offs faced by policy-makers themselves. By bringing unconventional policy devices into the model (such as direct interventions in commodity markets), we hope to broaden the scope of the conventional macroeconomic policy instruments. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-10 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion http://purl.org/coar/resource_type/c_6501 info:ar-repo/semantics/articulo |
format |
article |
status_str |
publishedVersion |
dc.identifier.none.fl_str_mv |
http://hdl.handle.net/11336/127587 Abeles, Martin; Panigo, Demian Tupac; Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility; Edward Elgar Publishing Ltd.; Review of Keynesian Economics; 3; 4; 10-2015; 517-535 2049-5331 CONICET Digital CONICET |
url |
http://hdl.handle.net/11336/127587 |
identifier_str_mv |
Abeles, Martin; Panigo, Demian Tupac; Dealing with cost-push inflation in Latin America: Multi-causality in a context of increased openness and commodity price volatility; Edward Elgar Publishing Ltd.; Review of Keynesian Economics; 3; 4; 10-2015; 517-535 2049-5331 CONICET Digital CONICET |
dc.language.none.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
info:eu-repo/semantics/altIdentifier/url/https://www.elgaronline.com/view/journals/roke/3-4/roke.2015.04.05.xml info:eu-repo/semantics/altIdentifier/doi/10.4337/roke.2015.04.05 |
dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
eu_rights_str_mv |
openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Edward Elgar Publishing Ltd. |
publisher.none.fl_str_mv |
Edward Elgar Publishing Ltd. |
dc.source.none.fl_str_mv |
reponame:CONICET Digital (CONICET) instname:Consejo Nacional de Investigaciones Científicas y Técnicas |
reponame_str |
CONICET Digital (CONICET) |
collection |
CONICET Digital (CONICET) |
instname_str |
Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.name.fl_str_mv |
CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.mail.fl_str_mv |
dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar |
_version_ |
1844614163020644352 |
score |
13.070432 |