Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/336493 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
Economic Research Working Papers No. 118
Verlag: 
Banco Central de la República Argentina (BCRA), Investigaciones Económicas (ie), Buenos Aires
Zusammenfassung: 
This study investigates Argentina's unusually high and persistent goods inflation in the aftermath of the COVID-19 pandemic, using a cross-country monthly panel and a model that decomposes inflation into observable marginal costs, global price pass-through, and changing markups. We find that, at their peak in January 2024, goods price markups were approximately 40% higher than in November 2011. Further analysis indicates that these elevated markups were primarily driven by distortionary policy interventions-particularly foreign exchange controls, non-tariff barriers, and complex import regulations-which disrupted market pricing mechanisms and significantly amplified inflation, positioning Argentina as a clear outlier in the global inflation cycle.
Schlagwörter: 
Inflation dynamics
Goods prices
Argentina
Foreign exchange controls
Global Factors
JEL: 
E31
E58
F41
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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