Macroeconomic policy in Argentina during 2002-2013

Autores
Damill, Mario; Frenkel, Roberto; Rapetti, Martín Gervasio
Año de publicación
2015
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
We analyze Argentina's macroeconomic policy and performance between 2003 and 2013. The period began with a rapid recovery following the 2001-02 crisis. Recovery then turned into strong and sustained growth. By late 2011, despite a very favorable external context, Argentina entered a stagflationary trap. Facing a visible lack of foreign exchange, the authorities introduced and reinforced a series of controls, which did not prevent a currency crisis in late 2013 and early 2014. We argue that macroeconomic performance during the whole period was closely related to the way macroeconomic policy was conducted. More specifically, we claim that the shift from high growth to stagflation was due to a change in the approach to macroeconomic policy: from one aiming to preserve a stable and competitive real exchange rate and twin surpluses, to another one of populist orientation.
Fil: Damill, Mario. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Centro de Estudios de Estado y Sociedad; Argentina
Fil: Frenkel, Roberto. Centro de Estudios de Estado y Sociedad; Argentina
Fil: Rapetti, Martín Gervasio. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Centro de Estudios de Estado y Sociedad; Argentina
Materia
Argentina
Macroeconomic Policy
Populism
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:11336/58653
Acceder
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network_name_str CONICET Digital (CONICET)
spelling Macroeconomic policy in Argentina during 2002-2013Damill, MarioFrenkel, RobertoRapetti, Martín GervasioArgentinaMacroeconomic PolicyPopulismhttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5We analyze Argentina's macroeconomic policy and performance between 2003 and 2013. The period began with a rapid recovery following the 2001-02 crisis. Recovery then turned into strong and sustained growth. By late 2011, despite a very favorable external context, Argentina entered a stagflationary trap. Facing a visible lack of foreign exchange, the authorities introduced and reinforced a series of controls, which did not prevent a currency crisis in late 2013 and early 2014. We argue that macroeconomic performance during the whole period was closely related to the way macroeconomic policy was conducted. More specifically, we claim that the shift from high growth to stagflation was due to a change in the approach to macroeconomic policy: from one aiming to preserve a stable and competitive real exchange rate and twin surpluses, to another one of populist orientation.Fil: Damill, Mario. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Centro de Estudios de Estado y Sociedad; ArgentinaFil: Frenkel, Roberto. Centro de Estudios de Estado y Sociedad; ArgentinaFil: Rapetti, Martín Gervasio. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Centro de Estudios de Estado y Sociedad; ArgentinaSpringer2015-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/58653Damill, Mario; Frenkel, Roberto; Rapetti, Martín Gervasio; Macroeconomic policy in Argentina during 2002-2013; Springer; Comparative Economic Studies; 57; 3; 9-2015; 369-4000888-7233CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/http://www.palgrave-journals.com/ces/journal/vaop/ncurrent/full/ces20153a.htmlinfo:eu-repo/semantics/altIdentifier/doi/10.1057/ces.2015.3info:eu-repo/semantics/altIdentifier/url/https://link.springer.com/article/10.1057%2Fces.2015.3info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T10:08:14Zoai:ri.conicet.gov.ar:11336/58653instacron: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 10:08:14.918CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Macroeconomic policy in Argentina during 2002-2013
title Macroeconomic policy in Argentina during 2002-2013
spellingShingle Macroeconomic policy in Argentina during 2002-2013
Damill, Mario
Argentina
Macroeconomic Policy
Populism
title_short Macroeconomic policy in Argentina during 2002-2013
title_full Macroeconomic policy in Argentina during 2002-2013
title_fullStr Macroeconomic policy in Argentina during 2002-2013
title_full_unstemmed Macroeconomic policy in Argentina during 2002-2013
title_sort Macroeconomic policy in Argentina during 2002-2013
dc.creator.none.fl_str_mv Damill, Mario
Frenkel, Roberto
Rapetti, Martín Gervasio
author Damill, Mario
author_facet Damill, Mario
Frenkel, Roberto
Rapetti, Martín Gervasio
author_role author
author2 Frenkel, Roberto
Rapetti, Martín Gervasio
author2_role author
author
dc.subject.none.fl_str_mv Argentina
Macroeconomic Policy
Populism
topic Argentina
Macroeconomic Policy
Populism
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv We analyze Argentina's macroeconomic policy and performance between 2003 and 2013. The period began with a rapid recovery following the 2001-02 crisis. Recovery then turned into strong and sustained growth. By late 2011, despite a very favorable external context, Argentina entered a stagflationary trap. Facing a visible lack of foreign exchange, the authorities introduced and reinforced a series of controls, which did not prevent a currency crisis in late 2013 and early 2014. We argue that macroeconomic performance during the whole period was closely related to the way macroeconomic policy was conducted. More specifically, we claim that the shift from high growth to stagflation was due to a change in the approach to macroeconomic policy: from one aiming to preserve a stable and competitive real exchange rate and twin surpluses, to another one of populist orientation.
Fil: Damill, Mario. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Centro de Estudios de Estado y Sociedad; Argentina
Fil: Frenkel, Roberto. Centro de Estudios de Estado y Sociedad; Argentina
Fil: Rapetti, Martín Gervasio. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Centro de Estudios de Estado y Sociedad; Argentina
description We analyze Argentina's macroeconomic policy and performance between 2003 and 2013. The period began with a rapid recovery following the 2001-02 crisis. Recovery then turned into strong and sustained growth. By late 2011, despite a very favorable external context, Argentina entered a stagflationary trap. Facing a visible lack of foreign exchange, the authorities introduced and reinforced a series of controls, which did not prevent a currency crisis in late 2013 and early 2014. We argue that macroeconomic performance during the whole period was closely related to the way macroeconomic policy was conducted. More specifically, we claim that the shift from high growth to stagflation was due to a change in the approach to macroeconomic policy: from one aiming to preserve a stable and competitive real exchange rate and twin surpluses, to another one of populist orientation.
publishDate 2015
dc.date.none.fl_str_mv 2015-09
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/11336/58653
Damill, Mario; Frenkel, Roberto; Rapetti, Martín Gervasio; Macroeconomic policy in Argentina during 2002-2013; Springer; Comparative Economic Studies; 57; 3; 9-2015; 369-400
0888-7233
CONICET Digital
CONICET
url http://hdl.handle.net/11336/58653
identifier_str_mv Damill, Mario; Frenkel, Roberto; Rapetti, Martín Gervasio; Macroeconomic policy in Argentina during 2002-2013; Springer; Comparative Economic Studies; 57; 3; 9-2015; 369-400
0888-7233
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/http://www.palgrave-journals.com/ces/journal/vaop/ncurrent/full/ces20153a.html
info:eu-repo/semantics/altIdentifier/doi/10.1057/ces.2015.3
info:eu-repo/semantics/altIdentifier/url/https://link.springer.com/article/10.1057%2Fces.2015.3
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 Springer
publisher.none.fl_str_mv Springer
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_ 1842270037020246016
score 13.13397

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