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Macroeconomic policy regimes and demand and growth regimes in emerging market economies: the case of Argentina

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  • Juan Martín Ianni

    (N/A)

Abstract

Demand and growth regimes (DGR) and macroeconomic policy regimes (MPR) frameworks have assumed prominence within the post-Keynesian literature. However, most studies based on these conceptual frameworks have focused on developed economies. The main contribution of this paper is to provide a post-Keynesian analysis of the DGR and MPR of an emerging capitalist economy, Argentina, in the period between 2002 and 2019. By providing a novel periodization of the Argentine macroeconomic development, the results show a more precise characterization of the latter, thus allowing a better understanding of economic policy and its results in terms of aggregate demand and growth. In particular, it is possible to observe the MPR and DGR transition between 2002 and 2015, as well as an abrupt change after 2016.

Suggested Citation

  • Juan Martín Ianni, 2024. "Macroeconomic policy regimes and demand and growth regimes in emerging market economies: the case of Argentina," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 21(1), pages 90-112, April.
    • Handle: RePEc:elg:ejeepi:v:21:y:2024:i:1:p90-112
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    More about this item

    Keywords

    demand and growth regimes; macroeconomic policy regimes; post-Keynesian macroeconomics; peripheral economies; developing countries;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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