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Articles • Brazil. J. Polit. Econ. 15 (4) • Oct-Dec 1995 • https://doi.org/10.1590/0101-31571995-0830   copy

Populism or budgetary endogeneity? Discretionary fiscal policy in Argentina

Authorship SCIMAGO INSTITUTIONS RANKINGS

ABSTRACT

This paper uses the Fischer equation and Olivera-Tanzi effect to insulate the inflationary endogeneity existing in Argentine public deficit. The outcome is a fiscal policy discretionary measure known as zero inflation budget. Through this measure we examine if the deficit reflects countercyclical policies or populist consumption targets.

KEYWORDS:
Political economy; fiscal policy; inflation; countercyclical policy

Centro de Economia Política Rua Araripina, 106, CEP 05603-030 São Paulo - SP, Tel. (55 11) 3816-6053 - São Paulo - SP - Brazil
E-mail: cecilia.heise@bjpe.org.br
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