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Argentina Since Martinez De Hoz

Listed author(s):
  • Rudiger Dornbusch

The paper reviews macroeconomic events and policies in Argentina in the period 1981-1984. In that period inflation,that had decelerated to less than 100 percent, resumed and reached irore than 600 percent in mid-1984. The real exchange rate that had appreciated in the policy of disinflation depreciated sharply and, in the end-phase, real wages grew more than forty percent. These events, by Northern-Atlantic standards, are dramatic and the paper attempts to sort out the main issues and connections. Special attention is paid to the role of the real exchange rate and its relation to real wages, the determinants of the black market premium for foreign exchange, and to the budget.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1466.

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Date of creation: Sep 1984
Publication status: published as di Tella, Guido and Carlos Rodriguez (eds.) Argentina, 1946-83: The economic ministers speak. New York: St. Martin's Press, 1990.
Handle: RePEc:nbr:nberwo:1466
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  1. Carlos F. Diaz Alejandro, 1963. "A Note on the Impact of Devaluation and the Redistributive Effect," Journal of Political Economy, University of Chicago Press, vol. 71, pages 577-577.
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