Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014

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Fil: Descalzi, Ricardo Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.

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Autores principales: Descalzi, Ricardo Luis, Neder, Ángel Enrique
Formato: conferenceObject
Lenguaje:Inglés
Publicado: 2021
Materias:
Inflation
Central banks
Government
Monetary system
Acceso en línea:http://hdl.handle.net/11086/21211
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R141-11086-21211
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spelling I10-R141-11086-212112023-08-30T13:18:50Z Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014 Descalzi, Ricardo Luis Neder, Ángel Enrique Inflation Central banks Government Monetary system Fil: Descalzi, Ricardo Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Neder, Ángel Enrique. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Governments usually do not admit they are causing inflation deliberately. They try to take advantage of this situation, promoting populist actions. They issue money to fund increasing spending on subsidies and transfers, causing strong increases in prices with the consequent welfare loss. Funding fiscal deficits by issuing money (seigniorage) allow us asking ourselves why governments use seigniorage when they know that this action leads to a higher inflation. In trying to find the answer, we should distinguish the role of economic institutions by comparing the Central Bank behavior. The main hypothesis in this paper is that in countries as Argentina, with an inflationary long story, the rate of inflation needed to sustain a given long run fiscal deficit is higher than in developed economies. We analyze the monetary policy in Argentina and stress possible differences with the policy applied in other emerging economies of the European Union, particularly Turkey. https://aaep.org.ar/anales/works/works2015/Descalzi_AAEP2015.pdf Fil: Descalzi, Ricardo Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Neder, Ángel Enrique. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Economía, Econometría 2021-11-05T21:41:00Z 2021-11-05T21:41:00Z 2015-11 conferenceObject 1852-0022 http://hdl.handle.net/11086/21211 eng Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic Inflation
Central banks
Government
Monetary system
spellingShingle Inflation
Central banks
Government
Monetary system
Descalzi, Ricardo Luis
Neder, Ángel Enrique
Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014
topic_facet Inflation
Central banks
Government
Monetary system
description Fil: Descalzi, Ricardo Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
format conferenceObject
author Descalzi, Ricardo Luis
Neder, Ángel Enrique
author_facet Descalzi, Ricardo Luis
Neder, Ángel Enrique
author_sort Descalzi, Ricardo Luis
title Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014
title_short Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014
title_full Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014
title_fullStr Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014
title_full_unstemmed Monetary policy in Argentina: seigniorage and Bailey's curve 2001-2014
title_sort monetary policy in argentina: seigniorage and bailey's curve 2001-2014
publishDate 2021
url http://hdl.handle.net/11086/21211
work_keys_str_mv AT descalziricardoluis monetarypolicyinargentinaseigniorageandbaileyscurve20012014
AT nederangelenrique monetarypolicyinargentinaseigniorageandbaileyscurve20012014
_version_ 1782014699068456960

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