Abstract

LANTERI, Luis N.. Argentina y la reversión de los déficit del sector externo. Prob. Des [online]. 2009, vol.40, n.159, pp.119-141. ISSN 0301-7036.

The objective of this study is to analyze Argentina's experience in reversing the external sector deficit that followed the exchange rate crisis of2001, as well as assessing the performance of the current account in the face of different macroeconomic shocks. To do this, a structural VAR model (SVAR) is estimated with short-term non-recursive restrictions, aimed at explaining the dynamic of current account adjustment in the current account in response to the structural shocks observed in the growth of world income (or in the real export prices), in domestic economic activity, in real interest rates and in the real exchange rate. The study uses quarterly data covering the period 1980:1-2008:4.

Keywords : reversing the deficit; current account; macroeconomic shocks; SVAR models with short-term restrictions.

        · abstract in Spanish | French | Portuguese     · text in Spanish     · Spanish ( pdf )