11.8 The debt crisis of the 1980s severely hit Argentina, significantly reducing its GDP while sharply increasing...

Question:

11.8 The debt crisis of the 1980s severely hit Argentina, significantly reducing its GDP while sharply increasing inflation. Politicians experimented with various policies to combat the recession and hyperinflation, but none seemed to offer sustainable results. In 1991, a radical experiment was implemented and was successful till 1998. Explain what this macroeconomics policy was and outline its limits.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Economics

ISBN: 251301

7th Global Edition

Authors: James Gerber

Question Posted: