We examine the economic depression that Argentina suffered in the 1980s, as well as the subsequent recovery, from the perspective of growth theory, taking total factor productivity as exogenous. The predictions of the neoclassical growth model conform rather well with the evidence for the "lost...

Argentina’s GDP per working age person in 2003 was about the same as it was twenty years earlier and around fifteen percent below trend. By international standards that has been a dismal performance whose ultimate sources are important to uncover to eventually reverse that country’s...

Argentina suffered a depression in the 1980s that was as severe as the Great Depression experienced in the United States and Germany in the interwar period. Our paper examines this depression from the perspective of growth theory, taking total factor productivity as exogenous. The predictions of...

Finn E. Kydland 2004-ben kapta meg a közgazdasági Nobel-díjat, Edward C. Prescott-tal megosztva, a dinamikus közgazdaságtan terén elért eredményeikért, az időkonzisztencia problémájának felvetéséért és megoldásáért a gazdaságpolitikában és az üzleti ciklusok új...