Argentina at a Crossroads
https://www.minneapolisfed.org/research/quarterly-review/argentina-at-a-crossroads
Argentina: has Javier Milei proved his critics wrong?
https://www.ft.com/content/35b444a1-608c-48b5-a991-01f2ac3362be
In his first year, the libertarian president has stabilized a turbulent economy, while retaining the support of half the population. But big challenges loom
https://www.minneapolisfed.org/research/quarterly-review/argentina-at-a-crossroads
https://www.ft.com/content/35b444a1-608c-48b5-a991-01f2ac3362be
In his first year, the libertarian president has stabilized a turbulent economy, while retaining the support of half the population. But big challenges loom
Javier Milei Wages War on Argentina’s Government
https://www.newyorker.com/magazine/2024/12/09/javier-milei-wages-war-on-argentinas-government
The President, a libertarian economist given to outrageous provocations, wants to remake the nation. Can it survive his shock-therapy approach?
Javier Milei, free-market revolutionary
https://www.economist.com/the-americas/2024/11/28/javier-milei-free-market-revolutionary
https://www.newyorker.com/magazine/2024/12/09/javier-milei-wages-war-on-argentinas-government
The President, a libertarian economist given to outrageous provocations, wants to remake the nation. Can it survive his shock-therapy approach?
https://www.economist.com/the-americas/2024/11/28/javier-milei-free-market-revolutionary
Argentina’s Javier Milei has made a horrible mistake
https://www.telegraph.co.uk/business/2024/12/13/argentinas-javier-milei-has-made-a-horrible-mistake/
A year after his landslide victory, Milei is still not letting market forces set the peso exchange rate, and it now looks as if his crawling dollar peg will continue into the middle of next year. He has jammed the process of macroeconomic cleansing.
Argentina is now among the most expensive countries in the world, close to Norway on the Big Mac index. It costs almost twice as much to buy a hamburger in Buenos Aires as it does in Tokyo, even though the pampas are full of cattle, while the rice terraces of Japan are not.
The peso is as overvalued today as it has ever been in Argentine history, or very close. This has suppressed inflation temporarily to a monthly rate of 2.4pc – so has economic contraction – but has in the process strangled the traded sectors of the textile, shoe and toy industries. Car parts, electronics, metallurgy, and heavy manufacturing are the next dominoes.
https://www.telegraph.co.uk/business/2024/12/13/argentinas-javier-milei-has-made-a-horrible-mistake/
A year after his landslide victory, Milei is still not letting market forces set the peso exchange rate, and it now looks as if his crawling dollar peg will continue into the middle of next year. He has jammed the process of macroeconomic cleansing.
Argentina is now among the most expensive countries in the world, close to Norway on the Big Mac index. It costs almost twice as much to buy a hamburger in Buenos Aires as it does in Tokyo, even though the pampas are full of cattle, while the rice terraces of Japan are not.
The peso is as overvalued today as it has ever been in Argentine history, or very close. This has suppressed inflation temporarily to a monthly rate of 2.4pc – so has economic contraction – but has in the process strangled the traded sectors of the textile, shoe and toy industries. Car parts, electronics, metallurgy, and heavy manufacturing are the next dominoes.