Publication: The Credibility of Economic Policy Making in Argentina, 1989-2015
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2016-10
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2016-11-01
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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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“Rosenblatt, David. 2016. The Credibility of Economic Policy Making in Argentina, 1989-2015. Policy Research Working Paper;No. 7870. © World Bank. http://hdl.handle.net/10986/25315 License: CC BY 3.0 IGO.”
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