The Credibility of Economic Policy Making in Argentina, 1989-2015

Rosenblatt, David

World Bank, Washington, DC

关键词: macroeconomic policy;    political economy;    economic history;    volatility;    economic growth;   

DOI  :  10.1596/1813-9450-7870
RP-ID  :  WPS7870

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper explores the hypothesis thatthe credibility of economic policy making in Argentina (orlack thereof) has impacted the volatility of economicperformance. To establish the link, a historical review ofeconomic policy making and economic outcomes over thequarter century is presented, informed by a survey of theliterature on credibility and the political economy ofreforms. A more fundamental question is why policy shiftsare so frequent, and this necessarily relates to thepolitical institutions underlying policy making. A recentliterature on citizen engagement and accountability,combined with international experience, is then used toconsider policy options that could help reestablishcredibility during the new administration.