Tag Archives: Argentina

In a February 18th front page article in the business section of the New York Times, Eduardo Porter surveys the potential for a job guarantee program. After starting with the caveat issued by Republican politicians—why trust your life choices to bureaucrats?—the piece goes on to present opinions of various experts on employment programs. It is noteworthy that even among the specialists, not one has ever been involved in actual fieldwork or research in the various experiments with job...

In a February 18th front page article in the business section of the New York Times, Eduardo Porter surveys the potential for a job guarantee program. After starting with the caveat issued by Republican politicians—why trust your life choices to bureaucrats?—the piece goes on to present opinions of various experts on employment programs. It is noteworthy that even among the specialists, not one has ever been involved in actual fieldwork or research in the various experiments with job...

[embedded content] Interview with Fausto Oliveira, economic journalist that produces the channel Brazilian Industrial Revolution. For those interested in the process of economic development and its relation to the process of industrialization in the periphery (and speak Portuguese) I highly recommend it.

[embedded content] Short interview for an Argentinean radio show, in Spanish.

For those interested in the Argentinean economy, and that can understand Portuguese, I'm teaching a virtual course on the Rise and Fall of Argentina with my friend Paulo Gala. Some teasers are available here. Below the first class. [embedded content] Btw, my suggestion is that basically there's no fall, if the economy never rose in the first place.

An Argentinean default is neither new, nor a surprise, perhaps, even for a casual observer of the ups and downs of international bond markets. One may want to follow Oscar Wilde’s Victorian governess advice and omit the chapter on the fall of the peso as being ‘too sensational.’ But an Argentinean default now, after the Great Shutdown provoked by the coronavirus pandemic, would be the harbinger of a generalized sovereign debt crisis for emerging markets that would engulf the global economy,...

The government in Argentina has less than two weeks at this point. It is too early to pass judgment. But we can look at the legacy of the Macri administration, and indicate a few things about the current strategy. A paper I have just received from Fabian Amico, that will soon be published in Circus, will be invaluable for my very brief comments here (the new issue of Circus and his paper will eventually be linked here, in Spanish).The first thing that should be evident is that the 4 years...

[embedded content] My interview (in Spanish) on central banks, development and some moderate optimism about the forthcoming Argentinian government of Alberto Fernández.

Kevin Gallagher and Matías VernengoAlberto Fernández and his running mate, former president Cristina Fernández de Kirchner, have won the election in Argentina amid a real danger that the country’s economy will collapse. Outgoing president Mauricio Macri and the transitioning Mr Fernández should work closely with the IMF to put the fragile economy back on a path to stability and sustainable growth.Read rest here.

Simple Math, Macri + IMF = Poverty The Argentine economy is on the verge of another default less than two decades after the last one, in 2002. The forthcoming elections, in October 27, will most likely bring back the Kirchnerist opposition back to power, and they will have to negotiate with the International Monetary Fund (IMF), that has the power to prevent a crisis.Argentina has a long and turbulent history with the IMF that dates back to the country’s entry in the organization in 1956...