The purpose of this paper is to improve the results obtained by Fernandez and Mantel (1989), referred to the price control inconvenience in the application of a stabilization plan for Argentina's hyperinflation in the Eighties. For the model's correct translation is checked by replications of the original experiments. Secondly, an intuitive policy suggested by the shape of the original experiments, that proposes a timely starting of the original price control policy is tested, achieving better results. Finally, an optimization process, currently available in Vensim programme, penalizes, on the one hand, the oscillations which are shown by the path that the instantaneous inflation follows to reach the equilibrium inflation rate; on the other hand, the slowness to reach that equilibrium point. Vensim's advise nearly matches previous intuituve timing for starting to control prices.

This is the whole item.

Date created

• 1994

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
  Contact Us for questions or additional rights.

ITEM CONTEXT

Part of

fe35db792b573af835d96e6eba4759cd

Scope and Contents

Part of

c060552994c1527f70693734935660f1

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives