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Argentina: Javier Milei’s Reform Agenda from a Theoretical and Empirical Perspective

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  • Marius Kleinheyer
  • Gunther Schnabl

Abstract

Argentina has been characterised for a long time by inflation, recession, poverty and failed reforms. We analyse the reforms of Javier Milei with the help of the Austrian School of Economics, German ordoliberalism and the theory of financial repression. It is shown that Milei’s reforms have achieved with expenditure cuts and decisive deregulation an impressing consolidation of the public budget, a decline of inflation as well as – with a lag – growth and a falling poverty rate. His reforms may become a blueprint for other countries such as Germany.

Suggested Citation

  • Marius Kleinheyer & Gunther Schnabl, 2025. "Argentina: Javier Milei’s Reform Agenda from a Theoretical and Empirical Perspective," CESifo Working Paper Series 11752, CESifo.
    • Handle: RePEc:ces:ceswps:_11752
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    References listed on IDEAS

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    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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