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Argentina: Debt and Macroeconomic Instability

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Author Info
Rudiger Dornbusch
Juan Carlos de Pablo

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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.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2378.

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Date of creation: Feb 1989
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Publication status: published relationship to a non-chapter. This should not happen. Please contact NBER.
Handle: RePEc:nbr:nberwo:2378

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Summers, Robert & Heston, Alan, 1984. "Improved International Comparisons of Real Product and Its Composition: 1950-1980," Review of Income and Wealth, Blackwell Publishing, vol. 30(2), pages 207-62, June.
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Rodriguez, Carlos Alfredo, 1991. "The macroeconomics of the public sector deficit : the case of Argentina," Policy Research Working Paper Series 632, The World Bank. [Downloadable!]
  2. Velasco, A., 1993. "A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms," Working Papers 93-04, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
  3. Velasco, Andres & Tornell, Aaron, 1990. "Wages,Profits And Capital Flight," Working Papers 90-21, C.V. Starr Center for Applied Economics, New York University. [Downloadable!]
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