Argentina: Debt and Macroeconomic Instability
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NBER Working Paper No. 2378 (Also Reprint No. r1121)*
Issued in February 1989
NBER Program(s): ITI
IFM
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.
*Published: This paper was subsequently published as Debt and Macroeconomic Instability in Argentina, Rudiger Dornbusch, Juan Carlos de Pablo, in NBER book Developing Country Debt and the World Economy (1989)
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