Informes Mensuales

When It Rains, It Pours: the Economy in Times of Coronavirus

Marzo 2020
After two weeks of gradually ramping up social distancing measures, on March 19th President Fernández announced a nationwide mandatory quarantine. Although the quarantine ends on March 31st (coincidentially the set deadline for the debt restructuration) the evidence from Asia and Europe suggests it may be necessary ...

Public Debt: Waiting for the government to put first gear

Enero 2020
The initial steps of the Fernandez administration have sent positive signals to the financial markets, as the increases in taxes and the expected reductions in social security expenditures show that the government has the willingness to pay, while the fact that the Treasury has continued to service the debt in spite...