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The Argentine economy through the lens of an adapted Mundell–Fleming model for small open peripheral economies

Dvoskin, Ariel et al · Elgar · 2024

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Author / responsible party
Dvoskin, Ariel et al
Publisher
Elgar
Year
2024
ISSN
2049-5323
ISSN
2049-5323
Language
English

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This paper investigates the limits fiscal and monetary policies face in small openeconomies, where economic growth can be constrained by the balance of payments.To do so, we proceed in three steps. First, we review some usually neglected stringentassumptions of the Post-Keynesian interpretation of the IS-LM-BP model, regarding theroles played by the exchange rate and the interest rate in re-establishing external equilibrium. Second, we adapt this model to consider the specificities of peripheral economies. Third, we illustrate the model’s functionality and implications, drawing upon the experience of the Argentine economy, a country where the external sector has recurrently constrained output growth. Fil: Dvoskin, Ariel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín. Instituto de Altos Estudios Sociales; Argentina Fil: Feldman, Germán David. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín. Instituto de Altos Estudios Sociales; Argentina. Universidad Nacional Arturo Jauretche; Argentina

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APA 7

Dvoskin, A. E. A. (2024). The Argentine economy through the lens of an adapted Mundell–Fleming model for small open peripheral economies. http://hdl.handle.net/11336/238155

MLA

Dvoskin, Ariel et al. "The Argentine economy through the lens of an adapted Mundell–Fleming model for small open peripheral economies." 2024. http://hdl.handle.net/11336/238155.

Chicago

Dvoskin, Ariel et al. 2024. "The Argentine economy through the lens of an adapted Mundell–Fleming model for small open peripheral economies.". http://hdl.handle.net/11336/238155.

Harvard

Dvoskin, A. E. A. 2024, The Argentine economy through the lens of an adapted Mundell–Fleming model for small open peripheral economies, Elgar, available at: http://hdl.handle.net/11336/238155 [Accessed 6 Aug. 2026].

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Title
The Argentine economy through the lens of an adapted Mundell–Fleming model for small open peripheral economies
Author / contributors
Dvoskin, Ariel et al
Publisher
Elgar
Publication year
2024
ISSN
2049-5323
ISSN
2049-5323
Language
English

Subjects

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Argentina; Balance of payments; Mundell Flemming model; Open economy macroeconomics; https://purl.org/becyt/ford/5.2; https://purl.org/becyt/ford/5
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