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Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime

Paolera, Gerardo della - 2000

This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made …-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and …

Persistent link: https://www.econbiz.de/10012471138

Electoral Fraud, the Rise of Peron and Demise of Checks and Balances in Argentina

Alston, Lee J. - 2009

The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income … per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never …

Persistent link: https://www.econbiz.de/10012463440

Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile

Calvo, Guillermo A. - 2005

statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …

Persistent link: https://www.econbiz.de/10012467532

The Costs of Financial Crises : Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis

Sandleris, Guido - 2011

Financial crises in emerging market countries appear to be very costly: both output and a host of partial welfare indicators decline dramatically. The magnitude of these costs is puzzling both from an accounting perspective -- factor usage does not decline as much as output, resulting in large...

Persistent link: https://www.econbiz.de/10012461106

Trade Adjustment and Productivity in Large Crises

Gopinath, Gita - 2011

We empirically characterize the mechanics of trade adjustment during the Argen- tine crisis using detailed transaction-level customs data covering the universe of import transactions during 1996-2008. Though imports collapsed by nearly 70 percent from 2000-2002, the entry and exit of firms or...

Persistent link: https://www.econbiz.de/10012461699

Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth

Acemoglu, Daron; Robinson, James A.; Johnson, Simon; … - 2002

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...

Persistent link: https://www.econbiz.de/10012469587

The Razor's Edge : Distortions and Incremental Reform in the People's Republic of China

Young, Alwyn - 2000

In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to capture, and then protect, these rents leads to the...

Persistent link: https://www.econbiz.de/10012470915

The Political Economy of Unilateral Trade Liberalization : The Case of Chile

Edwards, Sebastian - 1998

, financial reforms that ended decades of financial repression, and a massive privatization program. We investigate the role …

Persistent link: https://www.econbiz.de/10012472294

Grasp the Large, Let Go of the Small : The Transformation of the State Sector in China

Hsieh, Chang-Tai - 2015

Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Small state-owned firms were privatized or closed. Large state-owned firms were corporatized and merged into large industrial groups under the control of the Chinese state. The...

Persistent link: https://www.econbiz.de/10012457662

Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s

Davis, Steven J. - 2006

Following a severe contraction in the early 1990s, the Swedish economy accumulated a strong record of output growth coupled with a disappointing performance in the labor market. As of 2005, hours worked per person 20-64 years of age are 10.5 percent below the 1990 peak and a mere one percent...

Persistent link: https://www.econbiz.de/10012465893

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