Year: 2017
Type: dissertation
Abstract: This thesis studies the impact of a "fiscal constraint"–when a government that runs a fiscal deficit is unable to issue debt externally–on inflation in Argentina. However, since inflation itself affects the government's menu of financing options, I follow Hébert and Schreger (2016) and use rulings on the case 'NML Capital v. The Republic of Argentina' as a source of relevant variation exogenous to the Argentine economic situation in order to identify the effect of fiscal constraint on inflation. Ultimately, I find no empirical evidence of such an impact.
Author: Clara Isabel
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3005445640