Argentina’s Long History of (Economic) Uncertainty

Cecilia Rumi ()
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Cecilia Rumi: Universidad Nacional de La Plata

Ekonomi-tek - International Economics Journal, 2017, vol. 6, issue 2, 13-24

Abstract: Instability and uncertainty have been the hallmark of Argentina's political economy throughout its history. Volatility in GDP, inflation, the exchangethe terms of trade, and capital flows characterizes the burden that Argentines—ordinary citizens, investors, and policymakers—have had to endure forne can remember . The internal design of monetary, financial,l-market institutions has made possible a 13-zero depletion of the currency and several confiscations of bank deposits. Argentine fiscal institutions have long been partial to short-term, pro-cyclical planning. Self-centeredn the rule, with c omplete disregard for the huge costs created by uncertainty. Is there any way for Argentina to rid itself of this disastrous tendency and put itself on a path to sustainable growth and improved welfare?

Keywords: Argentina; uncertainty; fiscal deficits; institutions (search for similar items in EconPapers)
JEL-codes: E63 (search for similar items in EconPapers)
Date: 2017
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