IDEAS home Printed from https://ideas.repec.org/p/nbr/nberwo/2378.html
   My bibliography  Save this paper

Argentina: Debt and Macroeconomic Instability

Author

Listed:
  • Rudiger Dornbusch
  • Juan Carlos de Pablo

Abstract

The 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.

Suggested Citation

  • Rudiger Dornbusch & Juan Carlos de Pablo, 1987. "Argentina: Debt and Macroeconomic Instability," NBER Working Papers 2378, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:2378
    Note: ITI IFM
    as

    Download full text from publisher

    File URL: http://www.nber.org/papers/w2378.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Summers, Robert & Heston, Alan, 1984. "Improved International Comparisons of Real Product and Its Composition: 1950-1980," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 30(2), pages 207-262, June.
    2. Robert Summers & Alan Heston, 1984. "Improved International Comparisons Of Real Product And Its Composition: 1950–1980," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 30(2), pages 207-219, June.
    3. Nogues, Julio, 1986. "The nature of Argentina's policy reforms during 1976-1981," MPRA Paper 57820, University Library of Munich, Germany.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. Alesina, Alberto & Tabellini, Guido, 1989. "External debt, capital flight and political risk," Journal of International Economics, Elsevier, vol. 27(3-4), pages 199-220, November.
    3. Uribe, Martin, 1997. "Exchange-rate-based inflation stabilization: The initial real effects of credible plans," Journal of Monetary Economics, Elsevier, vol. 39(2), pages 197-221, July.
    4. Rodriguez, Carlos Alfredo, 1991. "The macroeconomics of the public sector deficit : the case of Argentina," Policy Research Working Paper Series 632, The World Bank.
    5. Andrés Velasco & Aarón Tornell, 1991. "Wages, Profits And Capital Flight," Economics and Politics, Wiley Blackwell, vol. 3(3), pages 219-237, November.
    6. Reinout De Bock, 2011. "The Cost of Volatile Investment in an Emerging Economy," Economics Bulletin, AccessEcon, vol. 31(2), pages 1696-1705.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. van de Klundert, T.C.M.J. & Smulders, J.A., 1991. "Reconstructing growth theory : A survey," Other publications TiSEM 19355c51-17eb-4d5d-aa66-b, Tilburg University, School of Economics and Management.
    2. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    3. Boyan Jovanovic & Sai Ma, 2023. "Growth through learning," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 50, pages 211-234, October.
    4. S. Selvanathan, 1987. "How Similar are OECD Consumers?," Economics Discussion / Working Papers 87-08, The University of Western Australia, Department of Economics.
    5. Lopez, Rigoberto A., 1988. "Political Economy of the United States Sugar Policies," Working Papers 115808, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    6. Johnson, Simon & Larson, William & Papageorgiou, Chris & Subramanian, Arvind, 2013. "Is newer better? Penn World Table Revisions and their impact on growth estimates," Journal of Monetary Economics, Elsevier, vol. 60(2), pages 255-274.
    7. Yasuyuki Sawada, 2009. "The immiserizing growth: an empirical evaluation," Applied Economics, Taylor & Francis Journals, vol. 41(13), pages 1613-1620.
    8. Peterson, Willis L., 1987. "Rates Of Return On Capital: An International Comparison," Staff Papers 13984, University of Minnesota, Department of Applied Economics.
    9. Herrmann, Roland, 1988. "How does economic development and import dependency affect agricultural price protection? A pooled cross-country and time-series analysis for the wheat sector," Kiel Working Papers 342, Kiel Institute for the World Economy (IfW Kiel).
    10. Roberts, J. Timmons & Grimes, Peter E., 1997. "Carbon intensity and economic development 1962-1991: A brief exploration of the environmental Kuznets curve," World Development, Elsevier, vol. 25(2), pages 191-198, February.
    11. S. Selvanathan, 1988. "Empirical Regularities in OECD Consumption," Economics Discussion / Working Papers 88-01, The University of Western Australia, Department of Economics.
    12. Nah, Won Jun & Lavoie, Marc, 2019. "The role of autonomous demand growth in a neo-Kaleckian conflicting-claims framework’," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 427-444.
    13. Martin Fleming, 2021. "Productivity Growth and Capital Deepening in the Fourth Industrial Revolution," Working Papers 010, The Productivity Institute.
    14. Sudhir Anand & Paul Segal, 2008. "What Do We Know about Global Income Inequality?," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 57-94, March.
    15. Irving B. Kravis & Robert E. Lipsey, 1991. "The International Comparison Program: Current Status and Problems," NBER Chapters, in: International Economic Transactions: Issues in Measurement and Empirical Research, pages 437-468, National Bureau of Economic Research, Inc.
    16. Rudiger Dornbusch & Juan Carlos de Pablo, 1989. "Debt and Macroeconomic Instability in Argentina," NBER Chapters, in: Developing Country Debt and the World Economy, pages 37-56, National Bureau of Economic Research, Inc.
    17. Ephraim Kleiman, 1997. "National Price Levels: Do Taxes Matter?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 4(3), pages 361-377, July.
    18. King, Robert G & Rebelo, Sergio, 1990. "Public Policy and Economic Growth: Developing Neoclassical Implications," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 126-150, October.
    19. Picht, Hartmut, 1987. "Labor costs and productivity trends in selected Brazilian manufacturing industries: An international comparison," Kiel Working Papers 294, Kiel Institute for the World Economy (IfW Kiel).
    20. Eliana Cardoso & Ann Helwege, 1991. "Populism, Profligacy, and Redistribution," NBER Chapters, in: The Macroeconomics of Populism in Latin America, pages 45-74, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:2378. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.