by Summary:
A short paper for FIDE on the so-called Argentine pendulum. The pendulum was the phrase used by Marcelo Diamand to discuss the persistent boom and bust cycles associated with left of center developmentalist governments, and liberal governments that promoted adjustment. The suggestion in this paper is that in reality the previous pendulum was mostly political, and about constraining the left of center ability to redistribute income (higher wages), often restricting democratic institutions. The New Pendulum refers to the period that starts with the last dictatorship, in which alternative economic projects (in which deindustrialization plays a major role) explain the main oscillation. Milei is just one more movement of the pendulum. Full paper (in Spanish) here.
Topics:
Matias Vernengo considers the following as important: Argentina, Deindustrialization, Diamand
This could be interesting, too:
A short paper for FIDE on the so-called Argentine pendulum. The pendulum was the phrase used by Marcelo Diamand to discuss the persistent boom and bust cycles associated with left of center developmentalist governments, and liberal governments that promoted adjustment. The suggestion in this paper is that in reality the previous pendulum was mostly political, and about constraining the left of center ability to redistribute income (higher wages), often restricting democratic institutions. The New Pendulum refers to the period that starts with the last dictatorship, in which alternative economic projects (in which deindustrialization plays a major role) explain the main oscillation. Milei is just one more movement of the pendulum. Full paper (in Spanish) here.
Topics:
Matias Vernengo considers the following as important: Argentina, Deindustrialization, Diamand
This could be interesting, too:
Matias Vernengo writes The Argentina of Javier Milei
Matias Vernengo writes Association for Heterodox Economics’ Webinar: The Argentina of Javier Milei
Matias Vernengo writes Argentina and the Philippines: Similar development struggles
Sergio Cesaratto writes Milei e la dollarizzazione argentina
