Cuban Macroeconomic Trends and the Pending Monetary Reform

Vidal-Alejandro, Pavel

doi:10.1353/cub.2019.0013

Cuban Studies

2019

DOI: 10.1353/cub.2019.0013

|View full text |Cite

Cuban Macroeconomic Trends and the Pending Monetary Reform

Pavel Vidal-Alejandro¹

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2022

2024

Publication Types

Select...

Article3

Relationship

Self Cite0

Independent3

Authors

Journals

Cited by 3 publications

(1 citation statement)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Vidal (2019) uses five indexes and a vector autoregression model along with Cuba's GDP growth rate to simulate and analyze the macroeconomic effects of monetary, fiscal, and external shocks. The analysis suggests that monetary reform would create negative pressure on goods production and on households' living conditions, which could not be mitigated by an expansionary fiscal policy.…”

mentioning

confidence: 99%

Cuba’s Monetary Reform and Triple-Digit Inflation

Vidal,

Luis

2023

Lat. Am. res. rev.

View full text Add to dashboard Cite

Diverse elements have driven inflation in the Cuban economy in the early 2020s, but the big-bang devaluation of the peso in 2021—the key measure that unlocks monetary reform—stands out as the main determinant. Analysis indicates that the inflation rate ranged between 174% and 700%, well above the government’s 2021 consumer price index estimate (77%) and closer to the deflator of household consumption derived from the national income accounts (442%). Even with this larger inflation, there is room for a real depreciation of the peso in the short term. The relative rise of tradable goods prices and incomplete pass-through from the exchange rate to inflation create new incentives and enhance financial transparency in the short term. However, the absence of sufficient structural reforms, the complex macroeconomic scenario, and the persistence of high fiscal deficit, inflation, and devaluation of the peso in the informal market after 2021 put most of the potential benefits of the monetary reform at risk. Monetary instability is a deep, continuing problem.

show abstract

mentioning

confidence: 99%

Cuba’s Monetary Reform and Triple-Digit Inflation

Vidal,

Luis

2023

Lat. Am. res. rev.

View full text Add to dashboard Cite

show abstract

Using AI in the informal currency market: evidence from Cuba

Vidal,

Muñiz Cuza,

Calas Torres

2024

Applied Economics

View full text Add to dashboard Cite

Why is Cuba’s economic reform progressing so slowly?

Alonso

Alejandro

2022

Third World Quarterly

View full text Add to dashboard Cite

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Cuban Macroeconomic Trends and the Pending Monetary Reform

Cited by 3 publications

References 15 publications

Cuba’s Monetary Reform and Triple-Digit Inflation

Cuba’s Monetary Reform and Triple-Digit Inflation

Using AI in the informal currency market: evidence from Cuba

Why is Cuba’s economic reform progressing so slowly?

Contact Info

Product

Resources

About