IDIHCS 22126
INSTITUTO DE INVESTIGACIONES EN HUMANIDADES Y CIENCIAS SOCIALES
Unidad Ejecutora - UE
artículos
Título:
BEYOND GOODWIN: FINANCIALIZATION AS A STRUCTURAL CHANGE TO EXPLAIN THE NEW ARGENTINIAN CRISIS
Autor/es:
PABLO IGNACIO CHENA; GERMAN ZORBA; DEMIAN TUPAC PANIGO
Revista:
CUADERNOS DE ECONOMIA
Editorial:
Universidad Nacional de Colombia
Referencias:
Lugar: Bogotá; Año: 2020 vol. 39
ISSN:
0716-0046
Resumen:
This paper aims to explain the causes of the 2018/2019Argentinian crisis by means of a growth cycle model a la Goodwin, where the aggregate demand is wage-led, the wage-shareis predatory of the external sector, and the financial norm stands as anexogenous apex-predatorof both real wages and the current account. Its main results allow us tounderstand the stylized facts of the Argentinian economy: a higher financialnorm increases inequality and required current account surpluses, reducesstability, and increases volatility and recessions length.
