Inflation and devaluation cycles in Argentina

José Luis Nicolini Llosa
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José Luis Nicolini Llosa: Universidad de Buenos Aires, Facultad de Ciencias Económicas

Revista de Economía Política de Buenos Aires, 2010, issue 7-8, 203-220

Abstract: The main argument is that Argentina’s market real exchange rate tends to fluctuate within two remarkably different purchasing power parities (PPP), in connection to inflationary and devaluation pressures and to the GDP cycle. Policies to supress such pressures are discussed. The structuralist theory of inflation is combined with the structuralist approach to the balance of payments. We depart from the “Dutch Disease” postulate that the natural resource PPP depresses the market real exchange rate. In Argentina –it is our argument– the market exchange rate fluctuates also attracted by the industrial PPP.

Keywords: Economic; science (search for similar items in EconPapers)
Date: 2010
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