Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime

Did macroeconomic interventions make any contribution to Argentina's recovery from the Great Depression? Macroeconomic policy deviated from gold-standard orthodoxy after the final suspension of convertibility in 1929. Fiscal policy was conservative. Monetary policy became unorthodox after 1931,...

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Detalles Bibliográficos
Autores principales: Paolera, G.D., Taylor, A.M.
Formato: JOUR
Materias:
economic history
economic planning
economic policy
Great Depression
monetary policy
Argentina
Acceso en línea:http://hdl.handle.net/20.500.12110/paper_00220507_v59_n3_p567_Paolera
Aporte de:
Biblioteca Digital - Facultad de Ciencias Exactas y Naturales (UBA) de Universidad de Buenos Aires
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spelling todo:paper_00220507_v59_n3_p567_Paolera2023-10-03T14:25:42Z Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime Paolera, G.D. Taylor, A.M. economic history economic planning economic policy Great Depression monetary policy Argentina Did macroeconomic interventions make any contribution to Argentina's recovery from the Great Depression? Macroeconomic policy deviated from gold-standard orthodoxy after the final suspension of convertibility in 1929. Fiscal policy was conservative. Monetary policy became unorthodox after 1931, when the Caja de Conversion began rediscounting to sterilize gold outflows and avoid deflation. This change predated the creation of the central bank in 1935. A wider literature links the interwar depression in the core to flaws in the gold standard, and active monetary policy to escape from deflation and slump; our work extends this idea to the periphery. © The Economic History Association. All rights reserved. JOUR info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/2.5/ar http://hdl.handle.net/20.500.12110/paper_00220507_v59_n3_p567_Paolera
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-134
collection Biblioteca Digital - Facultad de Ciencias Exactas y Naturales (UBA)
topic economic history
economic planning
economic policy
Great Depression
monetary policy
Argentina
spellingShingle economic history
economic planning
economic policy
Great Depression
monetary policy
Argentina
Paolera, G.D.
Taylor, A.M.
Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime
topic_facet economic history
economic planning
economic policy
Great Depression
monetary policy
Argentina
description Did macroeconomic interventions make any contribution to Argentina's recovery from the Great Depression? Macroeconomic policy deviated from gold-standard orthodoxy after the final suspension of convertibility in 1929. Fiscal policy was conservative. Monetary policy became unorthodox after 1931, when the Caja de Conversion began rediscounting to sterilize gold outflows and avoid deflation. This change predated the creation of the central bank in 1935. A wider literature links the interwar depression in the core to flaws in the gold standard, and active monetary policy to escape from deflation and slump; our work extends this idea to the periphery. © The Economic History Association. All rights reserved.
format JOUR
author Paolera, G.D.
Taylor, A.M.
author_facet Paolera, G.D.
Taylor, A.M.
author_sort Paolera, G.D.
title Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime
title_short Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime
title_full Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime
title_fullStr Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime
title_full_unstemmed Economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime
title_sort economic recovery from the argentine great depression: institutions, expectations, and the change of, macroeconomic regime
url http://hdl.handle.net/20.500.12110/paper_00220507_v59_n3_p567_Paolera
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