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THE SOCIAL COSTS OF GRADUALISM BECAME EXPLICIT

The abrupt rise of the dollar and the high interest rate are the consequence of a excessively gradual ordering of public accounts. Fulfilling the Fiscal Consensus and adopting fairer social security rules could reduce the fiscal deficit faster, avoiding high social and productive costs. (más…)

VER

THE PROBLEM IS NOT THE DOLLAR, IT IS THE INFLATION

The rise of the dollar generates concern. However, as the experience of neighboring countries shows, it is natural and necessary for the dollar to rise when there is high inflation. The Central Bank will not be able to keep it tranquil, if the rest of the public sector does not lower public spending faster. (más…)

VER