Argentina: Debt and Macroeconomic Instability

Rudiger Dornbusch and Juan Carlos de Pablo ()

No 2378, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The paper reviews the Argentine debt experience in the past ten years. The emphasis is on the interaction between relative prices, financial instability, budget .deficits, inflation and debt accumulation. A longer run perspective shows that the continuing fiscal problems have stood in the way of investment and growth.

Date: 1989-02
Note: ITI IFM
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