Argentina: Debt and Macroeconomic Instability
AbstractThe paper reviews the Argentine debt experience in the past ten years. The emphasis is on the interaction between relative prices, financial instability, budget .deficits, inflation and debt accumulation. A longer run perspective shows that the continuing fiscal problems have stood in the way of investment and growth.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2378.
Date of creation: Feb 1989
Date of revision:
Publication status: published as Rudiger Dornbusch, Juan Carlos de Pablo. "Debt and Macroeconomic Instability in Argentina," in Jeffrey D. Sachs, editor, "Developing Country Debt and the World Economy" University of Chicago Press, 1989 (1989)
Note: ITI IFM
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- Fernandez, Roque B., 1985. "The expectations management approach to stabilization in Argentina during 1976-1982," World Development, Elsevier, vol. 13(8), pages 871-892, August.
- Reinout De Bock, 2011. "The Cost of Volatile Investment in an Emerging Economy," Economics Bulletin, AccessEcon, vol. 31(2), pages 1696-1705.
- Basco, Emiliano & D'Amato, Laura & Garegnani, Lorena, 2009. "Understanding the money-prices relationship under low and high inflation regimes: Argentina 1977-2006," Journal of International Money and Finance, Elsevier, vol. 28(7), pages 1182-1203, November.
- Rodriguez, Carlos Alfredo, 1991. "The macroeconomics of the public sector deficit : the case of Argentina," Policy Research Working Paper Series 632, The World Bank.
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