What can we learn from Argentina’s new economic regime?

Juhana Hukkinen and Matti Viren
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Juhana Hukkinen: Monetary Policy and Research Department of Bank of Finland
Matti Viren: Monetary Policy and Research Department of Bank of Finland & Economics Department of University of Turku

No 169, Discussion Papers from Aboa Centre for Economics

Abstract: Recent economic developments in Argentina give rise to several interesting observations about the workings and effects of economic policies. Of particular interest, of course, are the dramatic changes in inflation as a consequence of the economic policies of the newly elected President Javier Milei. Here, we briefly describe these policies and try to assess how much they contributed to this outcome. As a reference, we use indicators of monetary policy, which are conventionally considered to be of decisive importance in combating inflation. Although we cannot provide a formal test for the importance of different policies, it seems that policies which restored fiscal soundness were the decisive factor.

Keywords: inflation; interest rates; government finance; fiscal theory of price level (search for similar items in EconPapers)
JEL-codes: E43 E63 E65 (search for similar items in EconPapers)
Pages: 20
Date: 2025-02
New Economics Papers: this item is included in nep-inv
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