In his opinion column, published last week, the Nobel laureate in economics and mentor of Minister Martín Guzmán, Joseph Stiglitz, spoke about the Argentine miracle for the recovery of the post-COVID...
Inflationary Rigidities and Stabilization Policies
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Inflationary Rigidities and Stabilization Policies
Kiguel & Liviatan, 1998.
A tight fiscal stance can stop episodes of hyperinflation. But it cannot, on its own, overcome the inertia of rising prices in countries suffering chronic inflation. Such countries can nevertheless strengthen their stabilization efforts by anchoring nominal prices to the money supply or the exchange rate.
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