The Exchange rate cycle in Argentina

Autores
Nicolini Llosa, Jose Luis
Año de publicación
2016
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
This article discusses the secular volatility of output, inflation, the exchange rate, and poverty in Argentina. Inflation, currency devaluation and a wide gross domestic product (GDP) cycle have been recurrent problems in Argentina for several decades. The literature has extensively discussed those issues from different viewpoints. This study focuses on a relatively unexplored theme that may contribute to a partial explanation. It deals with the continuous tendency to equalize different profitabilities resulting, in turn, from remarkably different sectoral purchasing power parities. Thus, for any given exchange rate, an incessant tendency toward the equalization of profitabilities generates opposing inflationary and devaluatory pressures. The resulting inflation-devaluation cycle feeds income redistribution, GDP fluctuation, real exchange rate instability, and high levels of uncertainty.
Fil: Nicolini Llosa, Jose Luis. Universidad de Buenos Aires. Facultad de Ciencias Económicas. Instituto de Investigaciones Económicas; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
Materia
Exchange Rate
Economic Cycle
Argentina
Inflation
Monetary P0licy
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/47066
Acceder
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network_name_str CONICET Digital (CONICET)
spelling The Exchange rate cycle in ArgentinaNicolini Llosa, Jose LuisExchange RateEconomic CycleArgentinaInflationMonetary P0licyhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5This article discusses the secular volatility of output, inflation, the exchange rate, and poverty in Argentina. Inflation, currency devaluation and a wide gross domestic product (GDP) cycle have been recurrent problems in Argentina for several decades. The literature has extensively discussed those issues from different viewpoints. This study focuses on a relatively unexplored theme that may contribute to a partial explanation. It deals with the continuous tendency to equalize different profitabilities resulting, in turn, from remarkably different sectoral purchasing power parities. Thus, for any given exchange rate, an incessant tendency toward the equalization of profitabilities generates opposing inflationary and devaluatory pressures. The resulting inflation-devaluation cycle feeds income redistribution, GDP fluctuation, real exchange rate instability, and high levels of uncertainty.Fil: Nicolini Llosa, Jose Luis. Universidad de Buenos Aires. Facultad de Ciencias Económicas. Instituto de Investigaciones Económicas; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; ArgentinaTaylor & Francis2016-12info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/47066Nicolini Llosa, Jose Luis; The Exchange rate cycle in Argentina; Taylor & Francis; Journal Of Post Keynesian Economics; 39; 4; 12-2016; 495-5150160-34771557-7821CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1080/01603477.2016.1243989info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T09:54:50Zoai:ri.conicet.gov.ar:11336/47066instacron: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:34982025-09-03 09:54:50.615CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv The Exchange rate cycle in Argentina
title The Exchange rate cycle in Argentina
spellingShingle The Exchange rate cycle in Argentina
Nicolini Llosa, Jose Luis
Exchange Rate
Economic Cycle
Argentina
Inflation
Monetary P0licy
title_short The Exchange rate cycle in Argentina
title_full The Exchange rate cycle in Argentina
title_fullStr The Exchange rate cycle in Argentina
title_full_unstemmed The Exchange rate cycle in Argentina
title_sort The Exchange rate cycle in Argentina
dc.creator.none.fl_str_mv Nicolini Llosa, Jose Luis
author Nicolini Llosa, Jose Luis
author_facet Nicolini Llosa, Jose Luis
author_role author
dc.subject.none.fl_str_mv Exchange Rate
Economic Cycle
Argentina
Inflation
Monetary P0licy
topic Exchange Rate
Economic Cycle
Argentina
Inflation
Monetary P0licy
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv This article discusses the secular volatility of output, inflation, the exchange rate, and poverty in Argentina. Inflation, currency devaluation and a wide gross domestic product (GDP) cycle have been recurrent problems in Argentina for several decades. The literature has extensively discussed those issues from different viewpoints. This study focuses on a relatively unexplored theme that may contribute to a partial explanation. It deals with the continuous tendency to equalize different profitabilities resulting, in turn, from remarkably different sectoral purchasing power parities. Thus, for any given exchange rate, an incessant tendency toward the equalization of profitabilities generates opposing inflationary and devaluatory pressures. The resulting inflation-devaluation cycle feeds income redistribution, GDP fluctuation, real exchange rate instability, and high levels of uncertainty.
Fil: Nicolini Llosa, Jose Luis. Universidad de Buenos Aires. Facultad de Ciencias Económicas. Instituto de Investigaciones Económicas; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
description This article discusses the secular volatility of output, inflation, the exchange rate, and poverty in Argentina. Inflation, currency devaluation and a wide gross domestic product (GDP) cycle have been recurrent problems in Argentina for several decades. The literature has extensively discussed those issues from different viewpoints. This study focuses on a relatively unexplored theme that may contribute to a partial explanation. It deals with the continuous tendency to equalize different profitabilities resulting, in turn, from remarkably different sectoral purchasing power parities. Thus, for any given exchange rate, an incessant tendency toward the equalization of profitabilities generates opposing inflationary and devaluatory pressures. The resulting inflation-devaluation cycle feeds income redistribution, GDP fluctuation, real exchange rate instability, and high levels of uncertainty.
publishDate 2016
dc.date.none.fl_str_mv 2016-12
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/11336/47066
Nicolini Llosa, Jose Luis; The Exchange rate cycle in Argentina; Taylor & Francis; Journal Of Post Keynesian Economics; 39; 4; 12-2016; 495-515
0160-3477
1557-7821
CONICET Digital
CONICET
url http://hdl.handle.net/11336/47066
identifier_str_mv Nicolini Llosa, Jose Luis; The Exchange rate cycle in Argentina; Taylor & Francis; Journal Of Post Keynesian Economics; 39; 4; 12-2016; 495-515
0160-3477
1557-7821
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1080/01603477.2016.1243989
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
application/pdf
dc.publisher.none.fl_str_mv Taylor & Francis
publisher.none.fl_str_mv Taylor & Francis
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_ 1842269310174625792
score 13.13397

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