NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Argentina: Debt and Macroeconomic Instability

Rudiger Dornbusch, Juan Carlos de Pablo

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.

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