Shock policies in the agony of the Peronist state: the Rodrigazo and the Mondelliazo

This file is part of IDEAS, which uses RePEc data

Shock policies in the agony of the Peronist state: the Rodrigazo and the Mondelliazo

Author Info

Marongiu, Federico

Additional information is available for the following registered author(s):

Federico Marongiu

Abstract

Within the economic policies implemented by the six Economy Ministers of the Peronist government of 1973-1976 there exist two cases in which shock policies or shock adjustments were done with the aim to correct the problems that the Argentinean economy was suffering. those were the shock programs implemented by Minsiters Celestino Rodrigo (June 1975-July 1975) and Emilio Mondelli (February 1976- March 1976). Among the problems that they had to face there was a huge crisis in the commercial balance (partially provoked by international factors), a fiscal crisis and a slowdown in economic growth. the more relevant aspects of this adjustement plan was the intention of doing the adjustment cutting real wages through an increase in public services prices and wages freeze. This adjustment plans had a huge impact on investment (particullarly the Rodrigazo) and on economic activity. The failure of both plans lead to a deepening of the political crisis, to an inflationary spiral and to a recession. This determined the beginning of the end of the import sustitution industrialization in Argentina. this change in economic pattern will be later emphasized by the militar govenment that took the power through a Coup D´Etat on March 24, 1976, implementing an economic model based on capital and financial rent instead of production.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6338.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length:
Date of creation: Jul 2006
Date of revision:
Handle: RePEc:pra:mprapa:6338

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Ekkehart Schlicht).

Find related papers by JEL classification:
N1 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations
H6 - Public Economics - - National Budget, Deficit, and Debt
N4 - Economic History - - Government, War, Law, and Regulation

Statistics
Access and download statistics

Did you know? IDEAS also covers the most complete directory of Economics departments and institutes, EDIRC.

This page was last updated on 2008-7-25.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.