| dc.creator | Dabus,Carlos | |
| dc.creator | Delbianco,Fernando | |
| dc.creator | Fioriti,Andres | |
| dc.date | 2016-04-01 | |
| dc.date.accessioned | 2019-05-03T14:02:41Z | |
| dc.date.available | 2019-05-03T14:02:41Z | |
| dc.identifier | https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0718-88702016000100004 | |
| dc.identifier.uri | http://revistaschilenas.uchile.cl/handle/2250/89578 | |
| dc.description | We estimate a Currency Substitution model for 1980-2013 periods in Argentina. Following the Mongardini and Mueller (2000) specification, our paper studies the persistence of lower demand of local money, or dollarization, by including a hysteresis variable. By applying an ARDL (Auto Regressive Distributed Lags) model, we found a clear ratchet effect, which implies that in the short run agents do not adjust to changes on the fundamentals, leading to a significant hysteresis variable. | |
| dc.format | text/html | |
| dc.language | en | |
| dc.publisher | ILADES. Universidad Alberto Hurtado. | |
| dc.relation | 10.4067/S0718-88702016000100004 | |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.source | Revista de análisis económico v.31 n.1 2016 | |
| dc.subject | Hysteresis effect | |
| dc.subject | money demand | |
| dc.subject | currency substitution | |
| dc.title | High inflation, price stability and hysteresis effect: Evidence from Argentina | |
