Rego, Juan C., "Dynamics of the Stabilization Process after Argentine Hyperinflation in 1985", 1992

ua435

During the first years of the 80’s decade, the continual financing of the argentine deficit fiscal, throughout the emision of new money, pushed Argentina to the verge of hyperinflation. In June 1985, the seriousness of such a situation compelled the governing party, the Union Civica Radical, to adopt hard policies of stabilization, afterwards known as Plan Austral. In this article a SD version of a small dynamic model is presented – in Cagan’s tradition (1956), conceived by Fernandez and Mantel (1985)-of the mentioned Argentine stabilization process. Dynamic simulation is used to analyse the macroeconomic behaviour.

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  • 1992
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