000 00991cam a2200157 4500500
005 20250121113644.0
041 _afre
042 _adc
100 1 0 _aBaldi-Delatte
_eauthor
245 0 0 _aSoft Landing for a Hard Peg
260 _c2005.
500 _a50
520 _aContrary to all expectations, the Argentinian Currency Board was dropped without causing an hyperinflation comeback. This article analyzes the structural breaks caused by the new monetary regime. Estimates within a multivariate cointegrated framework show that the new regime caused a shift in the money market and did not in the labor market. The monetary and fiscal severity of the new regime reversed expectations while the labor market flexibility inherited from the Currency Board-made the wage-price correlation disappear.
786 0 _nRevue économique | 56 | 3 | 2005-05-01 | p. 787-797 | 0035-2764
856 4 1 _uhttps://shs.cairn.info/journal-revue-economique-2005-3-page-787?lang=en&redirect-ssocas=7080
999 _c545259
_d545259