Pablo Guidotti | Universidad Torcuato Di Tella (original) (raw)
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Papers by Pablo Guidotti
Social Science Research Network, 1998
This is a Working Paper and the author would welcome any comments on the present text. Citations ... more This is a Working Paper and the author would welcome any comments on the present text. Citations should refer to a Working Paper of the International Monetary Fund, mentioning the author, and the date of issuance. The views expressed are those of the author and do not necessarily represent those of the Fund.
This is a working paper and the author would welcome any comments on (he present (e\(. Citations ... more This is a working paper and the author would welcome any comments on (he present (e\(. Citations should refer to an unpublished manuscript, mentioning the author and the date M|' issuance hy the International Monetary Fund. The views expressed are those ol the author and do not necessarily represent those ol (he I-und.
finance and development, 1992
Pensamiento iberoamericano, 1996
Social Science Research Network, 1989
This paper explores the domestic effects as well as the international transmission of financial i... more This paper explores the domestic effects as well as the international transmission of financial innovation. The analysis is carried out in a cash-in-advance model with two currencies and tw o goods in which income velocity is variable because of inventory-type considerations in the determination of the demand for money. The discussion emphasizes the role of currency substitution, which occur s
IMF working paper, 1992
This is a Working Paper and the author would welcome any comments on the present text. Citations ... more This is a Working Paper and the author would welcome any comments on the present text. Citations should refer to a Working Paper of the International Monetary Fund, mentioning the author, and the date of issuance. The views expressed are those of the author and do not necessarily represent those of the Fund.
RePEc: Research Papers in Economics, Dec 1, 1992
IMF working paper, 1992
This is a Working Paper and the author would welcome any comments on the present text Citations s... more This is a Working Paper and the author would welcome any comments on the present text Citations should refer to a Working Paper of the International Monetary Fund, mentioning the author, and the date of issuance. The views expressed are those of the author and do not necessarily represent those of the Fund.
Social Science Research Network, 1998
Exchange rate-based stabilizations in chronic-inflation countries have often been characterized b... more Exchange rate-based stabilizations in chronic-inflation countries have often been characterized by an initial consumption boom (which is most evident in the behavior of durable goods) followed by a later contraction. This paper provides an explanation for such a boom-recession cycle based on the timing of purchases of durable goods. The initial fall in inflation results in a wealth effect which
The Review of Economic Studies, 1993
This paper examines optimal monetary policy under uncertainty in a context in which policymakers ... more This paper examines optimal monetary policy under uncertainty in a context in which policymakers are able to make credible policy commitments. The authors study an optimal taxation problem of minimizing the social cost of financing a stochastic and exogenous level of government transfers. Since, in the basic model, the welfare costs of inflation derive only from expected inflation, the optimal
Estudios públicos (Santiago), 2010
Social Science Research Network, 1998
This is a Working Paper and the author would welcome any comments on the present text. Citations ... more This is a Working Paper and the author would welcome any comments on the present text. Citations should refer to a Working Paper of the International Monetary Fund, mentioning the author, and the date of issuance. The views expressed are those of the author and do not necessarily represent those of the Fund.
This is a working paper and the author would welcome any comments on (he present (e\(. Citations ... more This is a working paper and the author would welcome any comments on (he present (e\(. Citations should refer to an unpublished manuscript, mentioning the author and the date M|' issuance hy the International Monetary Fund. The views expressed are those ol the author and do not necessarily represent those ol (he I-und.
finance and development, 1992
Pensamiento iberoamericano, 1996
Social Science Research Network, 1989
This paper explores the domestic effects as well as the international transmission of financial i... more This paper explores the domestic effects as well as the international transmission of financial innovation. The analysis is carried out in a cash-in-advance model with two currencies and tw o goods in which income velocity is variable because of inventory-type considerations in the determination of the demand for money. The discussion emphasizes the role of currency substitution, which occur s
IMF working paper, 1992
This is a Working Paper and the author would welcome any comments on the present text. Citations ... more This is a Working Paper and the author would welcome any comments on the present text. Citations should refer to a Working Paper of the International Monetary Fund, mentioning the author, and the date of issuance. The views expressed are those of the author and do not necessarily represent those of the Fund.
RePEc: Research Papers in Economics, Dec 1, 1992
IMF working paper, 1992
This is a Working Paper and the author would welcome any comments on the present text Citations s... more This is a Working Paper and the author would welcome any comments on the present text Citations should refer to a Working Paper of the International Monetary Fund, mentioning the author, and the date of issuance. The views expressed are those of the author and do not necessarily represent those of the Fund.
Social Science Research Network, 1998
Exchange rate-based stabilizations in chronic-inflation countries have often been characterized b... more Exchange rate-based stabilizations in chronic-inflation countries have often been characterized by an initial consumption boom (which is most evident in the behavior of durable goods) followed by a later contraction. This paper provides an explanation for such a boom-recession cycle based on the timing of purchases of durable goods. The initial fall in inflation results in a wealth effect which
The Review of Economic Studies, 1993
This paper examines optimal monetary policy under uncertainty in a context in which policymakers ... more This paper examines optimal monetary policy under uncertainty in a context in which policymakers are able to make credible policy commitments. The authors study an optimal taxation problem of minimizing the social cost of financing a stochastic and exogenous level of government transfers. Since, in the basic model, the welfare costs of inflation derive only from expected inflation, the optimal
Estudios públicos (Santiago), 2010