Empirical Evidence on Fiscal Policy Sustainability in Argentina

María Aráoz, Ana Cerro (), Osvaldo Meloni and Tatiana Soria Genta

The IUP Journal of Monetary Economics, 2009, vol. VII, issue 3-4, 116-127

Abstract: This paper contributes to the study of the economic history of Argentine crises by analyzing the fiscal sustainability for the period 1865-2002. Fiscal deficits are sustainable if the current market value of debt equals the discounted sum of expected future surpluses. It is found that Argentina never had ‘strong’ fiscal sustainability. At most, it reached weak sustainability for some sub-periods and no sustainability at all during the sub-period, 1950-1989. Interestingly, sustainability got worse as the economy went from mostly open to relatively closed state.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjmo:v:07:y:2009:i:3-4:p:116-127

Access Statistics for this article

More articles in The IUP Journal of Monetary Economics from IUP Publications
Bibliographic data for series maintained by G R K Murty ().