{"id":9032,"date":"2025-12-15T16:41:06","date_gmt":"2025-12-15T19:41:06","guid":{"rendered":"https:\/\/aaep.org.ar\/?p=9032"},"modified":"2025-12-15T16:41:07","modified_gmt":"2025-12-15T19:41:07","slug":"no-linealidades-en-el-consumo-argentino-evidencia-desde-local-projections","status":"publish","type":"post","link":"https:\/\/aaep.org.ar\/?p=9032","title":{"rendered":"No Linealidades en el Consumo Argentino: Evidencia desde Local Projections"},"content":{"rendered":"<iframe loading=\"lazy\" class=\"wonderplugin-pdf-iframe\" src=\"https:\/\/aaep.org.ar\/wp-content\/plugins\/wonderplugin-pdf-embed\/pdfjslight\/web\/viewer.html?v=2&file=https:\/\/aaep.org.ar\/works\/works2025\/4819.pdf\" width=\"100%\" height=\"600px\" style=\"border:0;\"><\/iframe>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estudiamos la din\u00e1mica del consumo privado en Argentina y sus respuestas no lineales frente a shocks de ingreso y tasas de inter\u00e9s. Tras aplicar Local Projections  a la serie trimestral 1993\u20132024, se confirma la fuerte sensibilidad del gasto al ingreso corriente, con propensiones marginales a consumir cercanas o superiores a la unidad. La transmisi\u00f3n ingreso\u2013consumo es m\u00e1s intensa y persistente en expansiones y contextos de baja inflaci\u00f3n, y m\u00e1s d\u00e9bil en recesiones o con alta inflaci\u00f3n. En cambio, la tasa de inter\u00e9s real muestra efectos d\u00e9biles y poco significativos. En total, la evidencia apunta a que las decisiones de gasto se gu\u00edan m\u00e1s por heur\u00edsticas vinculadas al ingreso corriente que por la ecuaci\u00f3n de Euler tradicional, aunque una explicaci\u00f3n completa de los hallazgos resaltan el papel de la incertidumbre y las condiciones financieras en la din\u00e1mica del consumo.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[29],"tags":[33],"class_list":["post-9032","post","type-post","status-publish","format-standard","hentry","category-anales","tag-aaep-anales-2025"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>No Linealidades en el Consumo Argentino: Evidencia desde Local Projections - Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No Linealidades en el Consumo Argentino: Evidencia desde Local Projections - Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica\" \/>\n<meta property=\"og:description\" content=\"Estudiamos la din\u00e1mica del consumo privado en Argentina y sus respuestas no lineales frente a shocks de ingreso y tasas de inter\u00e9s. Tras aplicar Local Projections a la serie trimestral 1993\u20132024, se confirma la fuerte sensibilidad del gasto al ingreso corriente, con propensiones marginales a consumir cercanas o superiores a la unidad. La transmisi\u00f3n ingreso\u2013consumo es m\u00e1s intensa y persistente en expansiones y contextos de baja inflaci\u00f3n, y m\u00e1s d\u00e9bil en recesiones o con alta inflaci\u00f3n. En cambio, la tasa de inter\u00e9s real muestra efectos d\u00e9biles y poco significativos. En total, la evidencia apunta a que las decisiones de gasto se gu\u00edan m\u00e1s por heur\u00edsticas vinculadas al ingreso corriente que por la ecuaci\u00f3n de Euler tradicional, aunque una explicaci\u00f3n completa de los hallazgos resaltan el papel de la incertidumbre y las condiciones financieras en la din\u00e1mica del consumo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aaep.org.ar\/?p=9032\" \/>\n<meta property=\"og:site_name\" content=\"Asociaci\u00f3n Argentina de Econom\u00eda Pol\u00edtica\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-15T19:41:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T19:41:07+00:00\" \/>\n<meta name=\"author\" content=\"aaepolitica\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@aaepoficial\" \/>\n<meta name=\"twitter:site\" content=\"@aaepoficial\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"aaepolitica\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=9032#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=9032\"},\"author\":{\"name\":\"aaepolitica\",\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/#\\\/schema\\\/person\\\/7150b747ba20875259c74b2cd177316c\"},\"headline\":\"No Linealidades en el Consumo Argentino: Evidencia desde Local Projections\",\"datePublished\":\"2025-12-15T19:41:06+00:00\",\"dateModified\":\"2025-12-15T19:41:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=9032\"},\"wordCount\":25,\"publisher\":{\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/#organization\"},\"keywords\":[\"AAEP Anales 2025\"],\"articleSection\":[\"Anales\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/aaep.org.ar\\\/?p=9032\",\"url\":\"https:\\\/\\\/aaep.org.ar\\\/?p=9032\",\"name\":\"No Linealidades en el Consumo Argentino: Evidencia desde Local Projections - 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