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Populism or budgetary endogeneity? Discretionary fiscal policy in Argentina

Author

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  • Daniel G. Arce M.

Abstract

This paper uses the Fischer equation and Olivera-Tanzi effect to insulate theinflationary endogeneity existing in Argentine public deficit. The outcome is a fiscal policydiscretionary measure known as zero inflation budget. Through this measure we examine ifthe deficit reflects countercyclical policies or populist consumption targets. JEL Classification: E32; E62.

Suggested Citation

  • Daniel G. Arce M., 1995. "Populism or budgetary endogeneity? Discretionary fiscal policy in Argentina," Brazilian Journal of Political Economy, Center of Political Economy, vol. 15(4), pages 463-477.
    • Handle: RePEc:ekm:repojs:v:15:y:1995:i:4:p:463-477:id:1253
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1253/1238
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    More about this item

    Keywords

    Political economy; fiscal policy; inflation; countercyclical policy;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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