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With research staff from more than 70 countries, and offices across the globe, IFPRI provides research-based policy solutions to sustainably reduce poverty and end hunger and malnutrition in developing countries.

Danielle Resnick

Danielle Resnick is a Senior Research Fellow in the Markets, Trade, and Institutions Unit and a Non-Resident Fellow in the Global Economy and Development Program at the Brookings Institution. Her research focuses on the political economy of agricultural policy and food systems, governance, and democratization, drawing on extensive fieldwork and policy engagement across Africa and South Asia.

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Since 1975, IFPRI’s research has been informing policies and development programs to improve food security, nutrition, and livelihoods around the world.

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IFPRI currently has more than 480 employees working in over 70 countries with a wide range of local, national, and international partners.

Repeated failures to use the cheap dollar as a tool against inflation (Clarin)

November 16, 2020


Clarin published an op-ed by Eugenio Diaz Bonilla. The op-ed discusses the argument that to avoid devaluation, recession, and increased poverty one must step on the nominal exchange rate. Since we never control inflation with all the measures that would be necessary, invariably it would lead to an even larger devaluation, with much deeper recessions and huge jumps in inflation and poverty, which was what we wanted to avoid. Possible solutions: a) Never again use the exchange rate to curb inflation, but rather coordinate the rest of the fiscal, monetary and social coordination variables for the inflationary issue; b) Establish a rule to maintain the multilateral real exchange rate calculated by the BCRA, around values similar to those of 2002-2007, which was when the economy grew seriously. Currently, exporters should be offered a mix of the official exchange rate and some of the parallels. Obviously, all of this requires a technical explanation, for which there is no place here.

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