La “animal” volatilidad de la economía argentina: misperceptions, expectativas frustradas y conflicto distributivo

The “Animal” Volatility of the Argentine Economy: Misperceptions, Frustrated Expectations, and Distributional Conflict

Pablo Gerchunoff and Martin Rapetti

MPRA Paper from University Library of Munich, Germany

Abstract: This article examines Argentina’s macroeconomic instability from two complementary perspectives. On the one hand, it revisits Daniel Heymann’s approach to expectation formation in unstable contexts and decision-making based on perceptions that may misperceive medium-term macroeconomic trends. On the other, it introduces our approach centered on “structural distributive conflict,” which emphasizes the tension between a social equilibrium —associated with the welfare aspirations of workers— and the macroeconomic equilibrium. The paper seeks to connect both approaches in interpreting Argentina’s economic volatility and its recurrent crises since the mid-20th century.

Keywords: distributive conflict; economic growth; Argentina; expectations; macroeconomic instability (search for similar items in EconPapers)
JEL-codes: E12 N16 O11 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-his
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/125730/1/MPRA_paper_125730.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125730

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().