The Effect of Fiscal Constraint on Inflation: A Case Study From Argentina
Di Tella, Clara Isabel
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AbstractThis 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.
Citable link to this pagehttp://nrs.harvard.edu/urn-3:HUL.InstRepos:38811492
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