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Cepo para principantes

Author

Listed:
  • Santiago Mosquera

    (Universidad de San Andres)

  • Federico Sturzenegger

    (Universidad de San Andres and Harvard Kennedy School)

Abstract

Este trabajo modela los efectos de restricciones en el acceso al mercado cambiario (cepo cambiario). En nuestra modelización el cepo opera de dos maneras. Por un lado actúa como un impuesto a la exportación, por otro como mecanismo para incentivar la tenencia de pesos. El modelo replica los movimientos observados en los precios, la brecha cambiaria, la actividad, y las exportaciones. El elemento común a todas las especificaciones es que el cepo produce distorsiones que reducen el bienestar.

Suggested Citation

  • Santiago Mosquera & Federico Sturzenegger, 2021. "Cepo para principantes," Working Papers 151, Universidad de San Andres, Departamento de Economia, revised Apr 2021.
    • Handle: RePEc:sad:wpaper:151
    as

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    File URL: https://webacademicos.udesa.edu.ar/pub/econ/doc151.pdf
    File Function: First version, April 2021
    Download Restriction: no
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    References listed on IDEAS

    as
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    2. Nicolás Oviedo, 2022. "Deficit fiscal y tipo de cambio fijo: racionalizando una combinación insostenible," Young Researchers Working Papers 3, Universidad de San Andres, Departamento de Economia, revised Oct 2022.
    3. Colque Santiago Marcelo & Pabón Loza José María, 2024. "Determinantes de las Importaciones en Argentina. Implicancias de la existencia de restricciones," Asociación Argentina de Economía Política: Working Papers 4721, Asociación Argentina de Economía Política.
    4. Lucas Ordóñez, 2025. "The Transmission of Supply Shocks to Inflation: the Case of Argentina (2004-2022)," Working Papers 351, Red Nacional de Investigadores en Economía (RedNIE).

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