MARC Record from Scriblio

LEADER: 02003nam 22003017a 4500
001 2004616751
003 DLC
005 20041117074035.0
007 cr |||||||||||
008 041117s2003 mnu sb f000 0 eng
010 $a 2004616751
040 $aDLC$cDLC
043 $as-ag---
050 00 $aHB1
100 1 $aKehoe, Timothy Jerome,$d1953-
245 10 $aWhat can we learn from the current crisis in Argentina?$h[electronic resource] /$cTimothy J. Kehoe.
260 $a[Minneapolis, Minn.] :$bFederal Reserve Bank of Minneapolis,$c[2003]
490 1 $aFederal Reserve Bank of Minneapolis, Research Department staff report ;$v318
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 11/17/2004.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Currently, Argentina is experiencing what the government describes as a "great depression." Using the "Great Depressions" methodology developed by Cole and Ohanian (1999) and Kehoe and Prescott (2002), we find that the primary determinants of both the boom in Argentina in the 1990s and the subsequent depression were changes in productivity, rather than changes in factor inputs. The timing of events links the boom to the currency-board-like Convertibility Plan and the crisis to its collapse. To gain credibility, the Argentine government took measures to make abandoning the plan more costly. Because the government was unable to enforce fiscal discipline, however, these increased costs failed to make the plan more credible and instead made the crisis far worse when it failed"--Federal Reserve Bank of Minneapolis web site.
651 0 $aArgentina$xEconomic conditions$y1983-
650 0 $aIndustrial productivity$zArgentina.
830 0 $aStaff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;$v318.
856 40 $uhttp://woodrow.mpls.frb.fed.us/research/sr/sr318.html