disinflation

  Javier Lanari, Milei’s Media Sub-Secretary, claimed that Argentina’s annual inflation dropped from 17.0% to 8% in record time. This statement has been heavily promoted by Milei’s administration, likely for political reasons—face-value numbers are easy to market as a success. However, I question the use of these figures, as well as Lanari’s enthusiastic yet premature assertion that […]

  With dollarization discarded in the short run, the world is eagerly watching Milei’s initial steps as the new president of Argentina. Milei took office in December with a yearly inflation rate of 211 percent (yes, you read that right). Despite the lack of robust monetary reform, Milei’s government managed to reduce the inflation rate […]