Fiscal policy can play a critical role in mitigating business cycle volatility. However, between 1990 and 2022, Argentina was one of the most procyclical countries globally. This paper scrutinizes Argentina’s fiscal policy conduct throughout the business cycle, pinpointing procyclical budget components and estimating the cyclically adjusted primary balance, incorporating transient and structural factors. The study reveals a significant decline in...
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INFORMATION
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2024/10/03
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Document de travail de recherche sur les politiques
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WPS10942
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1
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2024/10/03
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Disclosed
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Procyclical Fiscal Policy in Argentina : Drivers and Channels of a Long-Lasting Marriage