Background
Mussa, Michael L. was born on April 15, 1944 in Los Angeles, California, United States.
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book
Argentina and the Fund: From Triumph to Tragedy (Policy Analyses in International Economics)
(The catastrophic crisis of late 2001 and early 2002 marks...)
The catastrophic crisis of late 2001 and early 2002 marks the tragic end to Argentina's initially successful, decade-long experiment with sound money and market-oriented economic reform. The IMF consistently supported Argentina's stabilization and reform efforts in the decade leading up to the current crisis, and often pointed to many of Argentina's policies as examples for other emerging market economies to emulate. In this policy analysis, former IMF Chief Economist Michael Mussa addresses the obvious question: what went wrong in Argentina and what important errors did the IMF make in either supporting inappropriate policies or in failing to press for alternatives that might have avoided catastrophe? He emphasizes that the persistent inability of the Argentine authorities at all levels to run a responsible fiscal policy - even when the Argentine economy was performing very well - was the primary avoidable cause of the country's catastrophic financial collapse. The IMF failed to press aggressively for a more responsible fiscal policy. Mussa also addresses the role of the Convertibility Plan, which linked the Argentine peso rigidly at parity with the US dollar and played a central role in both the initial success and ultimate collapse of Argentina's stabilization and reform efforts. While the IMF accepted this plan as a basic policy choice of the Argentine authorities so long as it remained viable, it erred in the summer of 2001 by extending further massive support for unsustainable policies, rather than insisting on a new policy strategy that might have mitigated some of the damage from a crisis that had become unavoidable.
http://www.amazon.com/gp/product/088132339X/?tag=2022091-20
Argentina and the Fund: From Triumph to Tragedy (Policy Analyses in International Economics) by Mussa, Michael (2002) Paperback
http://www.amazon.com/gp/product/B010CLKMEU/?tag=2022091-20
Michael L. Mussa
Edit ProfileEducation
AB, University of California at Los Angeles, 1966. Master of Arts, University Chicago, 1970. Doctor of Philosophy, University Chicago, 1974.
Career
Assistant professor economics University Rochester, 1971—1975, associate professor, 1975—1976. Associate professor economics University Chicago, 1976—1980, professor international business, 1980—1991. Member United States Council of Economic Advisers, 1986—1988.
Economic counselor, director Department Research International Monetary Fund, 1991—2001. Senior fellow Institute International Economics, Washington, since 2001. Research fellow London School of Economics, 1975—1976, Graduate School International Studies, Geneva, 1976—1981.
Visiting professor Asian Department International Monetary Fund, 1980. Visiting faculty member City University of New York Graduate Center.
Achievements
Works
book
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Argentina and the Fund: From Triumph to Tragedy (Policy Analyses in International Economics)
(The catastrophic crisis of late 2001 and early 2002 marks...)
- Argentina and the Fund: From Triumph to Tragedy (Policy Analyses in International Economics) by Mussa, Michael (2002) Paperback
-
Argentina and the Fund: From Triumph to Tragedy (Policy Analyses in International Economics)
Membership
He was chief economist at the International Monetary Fund from 1991 to 2001, and was a member of the Council of Economic Advisers from 1986 to 1988.
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Born
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Died
January 15, 2012 (aged 67) -
Nationality
United States
Education
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1966
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1970
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1974
Career
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1986 - 1988
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1991 - 2001
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1991 - 2001
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2001