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The Price of Cooking the Books; Argentina's Inflation Problem
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 402 no. 8773 (Feb. 2012)
,
page 43-44.
Topik:
Inflation
;
Economic Conditions
;
Government
;
Price Controls
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.70
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
An extraordinarily elaborate deception may come back to haunt the government as the economy deteriorates Histroy has left Argentines with more than their share of economic trauma. Having twice suffered destructive bouts of hyperinflation in the late 1980s, they are sensitive to rising prices. When they spot inflation their instinct is to dump the peso and buy dollars. But after the economy collapsed in 2001-02, horror at mass unemployment temporarily eclipsed the public's fear of inflation. That has been the successful political calculation of the president, Cristina Fernandez, and her late husband and predecessor, Nestor Kirchner. For years they stoked an overheating economy with expansionary policies. Faced with the resulting rise in inflation, their officials resorted to price controls--and to an extraordinarily elaborate deception to conceal the rise.
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