Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization?
In the article, a general analysis on economic, social, and political aspects is carried out, that in one way or another led Argentina to a situation of permanent crisis in terms of budget gap. The crisis was motivated by the overflow of public spending, fiscal dominance of monetary policy with stru...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2023
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/15061 |
| _version_ | 1801705970124980224 |
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| author | Arevalo Luna, Guillermo Alexander Arévalo Lizarazo, Guillermo Alejandro |
| author_facet | Arevalo Luna, Guillermo Alexander Arévalo Lizarazo, Guillermo Alejandro |
| author_sort | Arevalo Luna, Guillermo Alexander |
| collection | OJS |
| description | In the article, a general analysis on economic, social, and political aspects is carried out, that in one way or another led Argentina to a situation of permanent crisis in terms of budget gap. The crisis was motivated by the overflow of public spending, fiscal dominance of monetary policy with structural imbalances in the foreign exchange and external sectors. The various public spending policies and the correlated growth of the monetary base that promotes imbalances on the external front with permanent inflation and devaluation of the national currency that reduce the real competitiveness of the export base are discussed. The article also examines the various government actions in social policy, public spending and fiscal dominance of monetary policy that permanently reduce purchasing power and condemn the population to suffer higher rates of poverty and marginality. It also analyzes the macroeconomic adjustment programs that could eventually be carried out within the Argentine economy to give way to a dollarization program that could facilitate the transition to a definitive solution of the recurrent crises that affect the nation. |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-15061 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2023 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-150612024-03-20T21:48:58Z Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization? Economía política y política económica de la crisis argentina: ¿hacia la dolarización plena? Arevalo Luna, Guillermo Alexander Arévalo Lizarazo, Guillermo Alejandro macroeconomía dolarización política monetaria inflación Argentina macroeconomics dolarization monetary policy inflation Argentina In the article, a general analysis on economic, social, and political aspects is carried out, that in one way or another led Argentina to a situation of permanent crisis in terms of budget gap. The crisis was motivated by the overflow of public spending, fiscal dominance of monetary policy with structural imbalances in the foreign exchange and external sectors. The various public spending policies and the correlated growth of the monetary base that promotes imbalances on the external front with permanent inflation and devaluation of the national currency that reduce the real competitiveness of the export base are discussed. The article also examines the various government actions in social policy, public spending and fiscal dominance of monetary policy that permanently reduce purchasing power and condemn the population to suffer higher rates of poverty and marginality. It also analyzes the macroeconomic adjustment programs that could eventually be carried out within the Argentine economy to give way to a dollarization program that could facilitate the transition to a definitive solution of the recurrent crises that affect the nation. En el artículo se realiza un análisis general sobre aspectos económicos, sociales y políticos que de una u otra manera llevaron a la Argentina a una situación de crisis permanente en materia de brecha presupuestal, motivada por el desborde del gasto público y la dominancia fiscal de la política monetaria con desajustes estructurales en el sector cambiario y externo. Se discuten las diversas políticas de gasto público y el correlato crecimiento de la base monetaria que promueve desbalances en el frente externo con inflación y devaluación permanentes de la moneda nacional que reducen la competitividad real de la base exportación. El artículo también examina las diversas acciones gubernamentales en política monetaria e inflación que de forma permanente reducen el poder adquisitivo y condenan a la población a sufrir mayores índices de pobreza y marginalidad. Se analizan, además, los programas de ajuste macroeconómico que eventualmente podrían realizarse dentro de la economía argentina para dar paso a un programa de dolarización que pueda facilitar el paso a una solución definitiva de las crisis recurrentes que afectan a la nación. Universidad Pedagógica y Tecnológica de Colombia 2023-03-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/15061 10.19053/01203053.v42.n75.2023.15061 Apuntes del Cenes; Vol. 42 No. 75 (2023); 129-159 Apuntes del Cenes; Vol. 42 Núm. 75 (2023); 129-159 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/15061/12737 https://revistas.uptc.edu.co/index.php/cenes/article/view/15061/13861 Copyright (c) 2023 Guillermo Alexander Arevalo Luna, Guillermo Alejandro Arévalo Lizarazo http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | macroeconomía dolarización política monetaria inflación Argentina macroeconomics dolarization monetary policy inflation Argentina Arevalo Luna, Guillermo Alexander Arévalo Lizarazo, Guillermo Alejandro Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization? |
| title | Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization? |
| title_alt | Economía política y política económica de la crisis argentina: ¿hacia la dolarización plena? |
| title_full | Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization? |
| title_fullStr | Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization? |
| title_full_unstemmed | Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization? |
| title_short | Political Economy and Economic Policy of the Argentin Crisis: Towards Full Dollarization? |
| title_sort | political economy and economic policy of the argentin crisis towards full dollarization |
| topic | macroeconomía dolarización política monetaria inflación Argentina macroeconomics dolarization monetary policy inflation Argentina |
| topic_facet | macroeconomía dolarización política monetaria inflación Argentina macroeconomics dolarization monetary policy inflation Argentina |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/15061 |
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