Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/316866 
Year of Publication: 
2025
Series/Report no.: 
CESifo Working Paper No. 11752
Publisher: 
CESifo GmbH, Munich
Abstract: 
Argentina has been characterised for a long time by inflation, recession, poverty and failed reforms. We analyse the reforms of Javier Milei with the help of the Austrian School of Economics, German ordoliberalism and the theory of financial repression. It is shown that Milei's reforms have achieved with expenditure cuts and decisive deregulation an impressing consolidation of the public budget, a decline of inflation as well as – with a lag – growth and a falling poverty rate. His reforms may become a blueprint for other countries such as Germany.
Subjects: 
Argentina
Milei
inflation
reforms
deregulation
growth
JEL: 
B53
E58
P11
Document Type: 
Working Paper
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