Argentina: Javier Milei’s Reform Agenda from a Theoretical and Empirical Perspective

Marius Kleinheyer and Gunther Schnabl

No 11752, CESifo Working Paper Series from CESifo

Abstract: Argentina has been characterised for a long time by inflation, recession, poverty and failed reforms. We analyse the reforms of Javier Milei with the help of the Austrian School of Economics, German ordoliberalism and the theory of financial repression. It is shown that Milei’s reforms have achieved with expenditure cuts and decisive deregulation an impressing consolidation of the public budget, a decline of inflation as well as – with a lag – growth and a falling poverty rate. His reforms may become a blueprint for other countries such as Germany.

Keywords: Argentina; Milei; inflation; reforms; deregulation; growth (search for similar items in EconPapers)
JEL-codes: B53 E58 P11 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_11752

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