The Credibility of Economic Policy Making in Argentina, 1989-2015
This paper explores the hypothesis that the credibility of economic policy making in Argentina (or lack thereof) has impacted the volatility of economic performance. To establish the link, a historical review of economic policy making and economic...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/10/26879450/credibility-economic-policy-making-argentina-1989-2015 http://hdl.handle.net/10986/25315 |
| Summary: | This paper explores the hypothesis that
the credibility of economic policy making in Argentina (or
lack thereof) has impacted the volatility of economic
performance. To establish the link, a historical review of
economic policy making and economic outcomes over the
quarter century is presented, informed by a survey of the
literature on credibility and the political economy of
reforms. A more fundamental question is why policy shifts
are so frequent, and this necessarily relates to the
political institutions underlying policy making. A recent
literature on citizen engagement and accountability,
combined with international experience, is then used to
consider policy options that could help reestablish
credibility during the new administration. |
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