While Garrison's model has been mostly used to analyze, theoretically and empirically, business cycles, other potential venues have not been explored. The effects of fiscal policy is one of these applications. In this paper we show how Garrison's model can be used to analyze the effects of...

Spanish Abstract: La economía y las instituciones monetarias de la Argentina están experimentando, una vez más, una profunda crisis. En este documento nos proponemos plantear una reforma monetaria para Argentina que consiste en una dolarización flexible junto a un régimen de banca libre....

Argentina's economy and monetary institutions are, once again, experiencing a serious crisis. In this document, we propose a monetary reform for Argentina that consists of flexible dollarization plus a free banking regime. By flexible dollarization, we mean that the peso should be replaced with...