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Financial shocks and macroeconomic policies during the Argentine crisis of 2001-2002

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Figure

Figure 1: Argentina: Benchmark variables
Figure 2: Eects of country risk premium and of a scal shock on benchmark variables For visual convenience the impulse responses in Figures 2 to 5 have been  accumu-lated to show the evolution of the levels of the variables over time
Figure 3: Eects of GDP and Eective RER shock on benchmark variables GDP is zero), and the nal eect is an increase of 0,7%
Figure 4: Responses of benchmark variables to a shock on Brazilian devaluation dummy
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