Dribbling Through Inflation
This article studies the macroeconomic performance of Argentina in the last decade and the primary and chronic problem that has marked the economy throughout this period is inflation. The rate of price change has been the dominant factor in the economic history of Argentina, with hyperinflationary sprees that erased value, hampered growth, and caused fiscal imbalances. However, over the last few years, there has been a clear effort to restore macroeconomic stability through the deployment of strict monetary policy, fiscal adjustment and the implementation of institutional measures. This paper looks at the inflation crisis in Argentina, the effects on the rest of the macroeconomy, and the policies that have enabled economic growth, highlighting the structural changes that are necessary for sustainable stability. Inflation has been the most characteristic feature of the economic development of Argentina and has been the main obstacle to sustainable economic development. External s...