Boston Fed paper reviews Argentina's economic collapse
A Boston Federal Reserve paper published on Wednesday says the increase in input costs in Argentina during 2001 and 2002 played a significant role in the country's economic crisis.
Gita Gopinath and Brent Neiman, the paper's authors, use detailed firm-level customs data covering import transactions between 1996 and 2008 to empirically characterise the mechanics of trade adjustment during the Argentine crisis. The authors say two prominent features of large macroeconomic crises are the collapse
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