Argentina 1967-70: a stabilisation attempt that failed
Between 1950 and 1966 prices in Argentina rose at an average annual rate exceeding 25 percent. There have been several attempts to stabilise the situation, notably in 1966 when the military government took command. This attempt appeared to have considerable initial success, however, by 1970 the infl...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2013-12-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11416 |
| _version_ | 1828042478894186496 |
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| author | G. MAYNARD W. VAN RIJCKEGHEM |
| author_facet | G. MAYNARD W. VAN RIJCKEGHEM |
| author_sort | G. MAYNARD |
| collection | DOAJ |
| description | Between 1950 and 1966 prices in Argentina rose at an average annual rate exceeding 25 percent. There have been several attempts to stabilise the situation, notably in 1966 when the military government took command. This attempt appeared to have considerable initial success, however, by 1970 the inflation rate began to accelerate again. This article describes the nature and characteristics of the stabilisation policy pursued in 1967-69. The author explains why, despite its initial success, in the end it broke down. Implications for the structuralist-monetarist controversy are then drawn. Finally, some conclusions that can be drawn for long-run development strategy and short-run stabilisation policy in Argentina are suggested.
JEL: E31, E52, E60
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| first_indexed | 2024-04-10T17:31:04Z |
| format | Article |
| id | doaj.art-224d80f9d4f249f1a811427d4235f654 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:04Z |
| publishDate | 2013-12-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-224d80f9d4f249f1a811427d4235f6542023-02-03T16:45:06ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-12-012510310.13133/2037-3643/11416Argentina 1967-70: a stabilisation attempt that failedG. MAYNARDW. VAN RIJCKEGHEMBetween 1950 and 1966 prices in Argentina rose at an average annual rate exceeding 25 percent. There have been several attempts to stabilise the situation, notably in 1966 when the military government took command. This attempt appeared to have considerable initial success, however, by 1970 the inflation rate began to accelerate again. This article describes the nature and characteristics of the stabilisation policy pursued in 1967-69. The author explains why, despite its initial success, in the end it broke down. Implications for the structuralist-monetarist controversy are then drawn. Finally, some conclusions that can be drawn for long-run development strategy and short-run stabilisation policy in Argentina are suggested. JEL: E31, E52, E60 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11416Argentinainflationstabilisationpolicystructuralist-monetarist controversy |
| spellingShingle | G. MAYNARD W. VAN RIJCKEGHEM Argentina 1967-70: a stabilisation attempt that failed PSL Quarterly Review Argentina inflation stabilisation policy structuralist-monetarist controversy |
| title | Argentina 1967-70: a stabilisation attempt that failed |
| title_full | Argentina 1967-70: a stabilisation attempt that failed |
| title_fullStr | Argentina 1967-70: a stabilisation attempt that failed |
| title_full_unstemmed | Argentina 1967-70: a stabilisation attempt that failed |
| title_short | Argentina 1967-70: a stabilisation attempt that failed |
| title_sort | argentina 1967 70 a stabilisation attempt that failed |
| topic | Argentina inflation stabilisation policy structuralist-monetarist controversy |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11416 |
| work_keys_str_mv | AT gmaynard argentina196770astabilisationattemptthatfailed AT wvanrijckeghem argentina196770astabilisationattemptthatfailed |