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dc.rights.licensehttps://creativecommons.org/licenses/by-sa/2.5/ar/es_AR
dc.contributor.authordella Paolera, Gerardoes_AR
dc.contributor.authorTaylor, Alan M.es_AR
dc.coverage.spatialArgentinaes_AR
dc.date.accessioned2024-08-22T20:42:25Z
dc.date.available2024-08-22T20:42:25Z
dc.date.issued1998-11
dc.identifier.urihttps://repositorio.utdt.edu/handle/20.500.13098/12980
dc.description.abstractWe ask how Argentina overcame the Great Depression and if macroeconomic interventions made any contribution to the recovery. Argentine macroeconomic policy deviated from gold-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere. fiscal policy in Argentina was conservative. Monetary policy became unorthodox after 1931 when the Caja de Conversion (Conversion Office. a currency board) began rediscounting to sterilize gold outflows and avoid deflation. This change of regime predated a later. and supposedly more significant, stage of institutional reform. namely the creation of the central bank in 1935. A wider literature links the interwar depression in the core economies to flaws in the gold standard and emphasizes the connection between active monetary policy and escape from deflation and slump~ our work extends this idea to the periphery.es_AR
dc.description.sponsorshipEste Documento forma parte de la serie Working Papers (ISSN 0327-9588), publicada por la Universidad Torcuato Di Tella entre 1993 y 2001es_AR
dc.format.extent42 p.es_AR
dc.format.mediumapplication/pdfes_AR
dc.languageenges_AR
dc.publisherUniversidad Torcuato Di Tellaes_AR
dc.relation.ispartofWorking Papers (ISSN: 0327-9588)es_AR
dc.rightsinfo:eu-repo/semantics/openAccesses_AR
dc.subjectHistoria económicaes_AR
dc.subjectEconomic historyes_AR
dc.subjectMacroeconomíaes_AR
dc.subjectMacroeconomicses_AR
dc.titleEconomic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regimees_AR
dc.typeinfo:eu-repo/semantics/workingPaperes_AR
dc.subject.keywordHistoria Argentinaes_AR
dc.type.versioninfo:eu-repo/semantics/publishedVersiones_AR


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