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Alesina, a Pioneer of Expansionary Adjustment: Will There Be a Kiss of Death in Argentina or Not in October?

Summary by El Cronista
In February 2019, Alberto Alesina, Carlo Favero and Francesco Giavazzi published the book "Austerity: when it works and when it doesn't", which graphs when the "adjustments", that word that unjustly has bad press, meet the objectives set. I don't know if Javier Milei read it or not, but it gives the feeling that he did. Yesterday in Madrid and for several weeks he has been talking about the "expansive adjustment", in reference to the cut in publ…
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In February 2019, Alberto Alesina, Carlo Favero and Francesco Giavazzi published the book "Austerity: when it works and when it doesn't", which graphs when the "adjustments", that word that unjustly has bad press, meet the objectives set. I don't know if Javier Milei read it or not, but it gives the feeling that he did. Yesterday in Madrid and for several weeks he has been talking about the "expansive adjustment", in reference to the cut in publ…

·Argentina
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El Cronista broke the news in Argentina on Monday, June 9, 2025.
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