{"id":24580,"date":"2026-07-25T10:14:51","date_gmt":"2026-07-25T13:14:51","guid":{"rendered":"https:\/\/economicas.uba.ar\/iiep\/?post_type=tribe_events&#038;p=24580"},"modified":"2026-07-27T10:10:34","modified_gmt":"2026-07-27T13:10:34","slug":"interacciones-fiscal-monetarias-en-argentina-1900-2024","status":"publish","type":"tribe_events","link":"https:\/\/economicas.uba.ar\/iiep\/eventos\/interacciones-fiscal-monetarias-en-argentina-1900-2024\/","title":{"rendered":"Seminario de Investigaci\u00f3n | Interacciones fiscal-monetarias en Argentina, 1900-2024"},"content":{"rendered":"<p>Interacciones fiscal-monetarias en Argentina, 1900-2024<\/p>\n<p>Expositores | Laura D\u00b4Amato (UCEMA\/UBA) , Sebasti\u00e1n Katz (BCRA\/UBA)<\/p>\n<p>&nbsp;<\/p>\n<p>Resumen<\/p>\n<p>El aumento de las deudas p\u00fablicas y el retorno de la inflaci\u00f3n tras la crisis financiera global y la pandemia reavivaron el debate sobre el rol de las interacciones fiscal-monetarias en la determinaci\u00f3n del nivel de precios, en un contexto de creciente deuda p\u00fablica y de pol\u00edticas fiscales m\u00e1s activas o no ricardianas. Argentina ofrece un caso extremo: la inestabilidad nominal ha sido casi la norma y su v\u00ednculo con los desequilibrios fiscales persistentes es evidente. Este trabajo recorre su historia fiscal-monetaria entre 1900 y 2024 para identificar los reg\u00edmenes prevalecientes y sus resultados nominales. Estimamos una funci\u00f3n de reacci\u00f3n fiscal a la Bohn que incorpora la deuda en moneda extranjera e identificamos reg\u00edmenes mediante quiebres estructurales (BaiPerron), en l\u00ednea con Mauro et al. (2015). Hallamos un r\u00e9gimen pasivo o ricardiano entre 1900 y 1941, asociado a una notable estabilidad nominal, y uno activo o no ricardiano desde 1941 en adelante, con marcada inestabilidad nominal, salvo el interregno 1997-2010. Estos hallazgos se confirman con la estimaci\u00f3n de la brecha fiscal-monetaria &#8211; la distancia entre la tasa natural y la tasa que estabiliza el ratio deuda\/PIB, corroborando la presencia de tensiones asociadas al predominio de pol\u00edticas fiscales activas a partir de 1942, con excepci\u00f3n del ya mencionado per\u00edodo 1997\u20132010.<\/p>\n<p>Coautores | Emilio Blanco (BCRA), Eduardo Corso (BCRA), Federico Grillo (BCRA)<\/p>\n<p>Lugar | FCE-UBA | Aula Olivera<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interacciones fiscal-monetarias en Argentina, 1900-2024 Expositores | Laura D\u00b4Amato (UCEMA\/UBA) , Sebasti\u00e1n Katz (BCRA\/UBA) &nbsp; Resumen El aumento de las deudas p\u00fablicas y el retorno de la inflaci\u00f3n tras la<\/p>\n","protected":false},"author":9,"featured_media":0,"template":"","meta":{"_tribe_events_status":"","_tribe_events_status_reason":"","footnotes":""},"tags":[],"tribe_events_cat":[224,74],"class_list":["post-24580","tribe_events","type-tribe_events","status-publish","hentry","tribe_events_cat-destacada","tribe_events_cat-seminario-iiep","cat_destacada","cat_seminario-iiep"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Seminario de Investigaci\u00f3n | Interacciones fiscal-monetarias en Argentina, 1900-2024 - IIEP UBA-CONICET<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicas.uba.ar\/iiep\/eventos\/interacciones-fiscal-monetarias-en-argentina-1900-2024\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seminario de Investigaci\u00f3n | Interacciones fiscal-monetarias en Argentina, 1900-2024 - IIEP UBA-CONICET\" \/>\n<meta property=\"og:description\" content=\"Interacciones fiscal-monetarias en Argentina, 1900-2024 Expositores | Laura D\u00b4Amato (UCEMA\/UBA) , Sebasti\u00e1n Katz (BCRA\/UBA) &nbsp; 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