Populism or budget endogeneity? Discretionary fiscal policy in Argentina

Vol. 15 No. 4 (1995)

Oct-Dec / 1995
Published October 1, 1995
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How to Cite

M., Daniel G. Arce. 1995. “Populism or Budget Endogeneity? Discretionary Fiscal Policy in Argentina”. Brazilian Journal of Political Economy 15 (4):5-20. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1253.

Populism or budget endogeneity? Discretionary fiscal policy in Argentina

Daniel G. Arce M.
Brazilian Journal of Political Economy, Vol. 15 No. 4 (1995), Oct-Dec / 1995, Pages 5-20

Abstract

This paper uses the Fischer equation and Olivera-Tanzi effect to insulate the inflationary endogeneity existing in Argentine public deficit. The outcome is a fiscal policy discretionary measure known as zero inflation budget. Through this measure we examine if the deficits reflects countercyclical policies or populist consumption targets.

 


Keywords: fiscal policy inflation countercyclical policy