📅 2023-07-11 — Session: Developed Economic Frameworks for Currency Stability
🕒 04:50–06:20
🏷️ Labels: Economics, Inflation, Currency Stability, Economic Indicators, Argentina
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal
The session aimed to explore various economic frameworks and calculations related to inflation, currency stability, and economic indicators.
Key Activities
- Inflation Calculation Using Exponential Function: Discussed the use of natural exponential functions to express continuous inflation, providing formulas for nominal and real price calculations.
- Real Unit (UR) Value Calculation: Explained how to calculate UR in Argentine pesos using continuous inflation rates and convert nominal prices to UR.
- Value Pattern for New Currencies: Proposed a framework for establishing a value base for new currencies, including the selection of representative goods and services.
- Dollar Purchasing Power Variability: Reflected on how inflation and exchange rates affect dollar purchasing power in Argentina.
- Economic Indicators Presentation: Outlined a proposal for presenting key economic indicators to policymakers to ensure currency stability.
- Four Pillars of Economic Analysis: Discussed the importance of considering consumption prices, production costs, salaries, and exchange rates in economic analysis.
- Implementation of a Unit of Value (UV): Proposed policies for implementing a new unit of value within a central bank context.
- Economic Indices in Argentina: Described various economic indices used in Argentina and suggested further research beyond September 2021.
Achievements
- Developed a comprehensive understanding of economic frameworks and calculations related to inflation and currency stability.
- Proposed actionable frameworks and policies for economic value and currency stability.
Pending Tasks
- Further research on updated economic indices beyond September 2021.
- Exploration of practical implementation strategies for the proposed unit of value (UV).