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- Title
El debate acerca de los intentos de estabilización de precios en Argentina, 1948-1954.
- Authors
Gómez, Ménica; Tossolini, Lucas; Calvo, Martin
- Abstract
Argentina began to experience an inflation problem since the Second World War, from 1948 this situation rooted, and the causes became clearly autochthonous. Various authors agree that, since that year, the Peronist vision of inflation took a turn, and that is why the government undertook new efforts to combat it. However, the authors also have divergent positions on the diagnosis made by the government and the type of anti-inflationary policy implemented at various stages between 1948 and 1954. The objective of this article is to delve into this historiographical debate and take a position on it. To do this, we will analyze the different price stabilization attempts in our period of interest: the 1948 decree, the 1949 Action Plan and decree, and the 1952 Economic Plan. Likewise, we will examine the behavior of the quantitative variables involved in regulations, as well as inflation rates. Regarding the first attempt at price stabilization, we share the view of those who maintain that the 1948 decree constituted a set of monetaristtype measures. Regarding the 1949 Action Plan and the new decree, we agree that there was a departure from the monetarist vision of inflation. We confirm that a rule for the issuance was proposed, through the implementation of the loosening of rediscounts --hence, of credits--, conditioned by the displacement from official to private credit, supported by the Real Bills Doctrine. Finally, we consider that in the Economic Plan of 1952 a new diagnosis of the problem of inflation appears: the causes, for the government, were the increase in public spending and excessive private consumption (that is, demand inflation).
- Subjects
CONSUMPTION (Economics); WORLD War II; PRICES; PRICE inflation; CENTRAL economic planning
- Publication
Tiempo y Economía, 2023, Vol 10, Issue 2, p1
- ISSN
2422-2704
- Publication type
Article
- DOI
10.21789/24222704.2002