Guzmán, Stiglitz, and the key to reaching the heart (and support) of Yellen

Stiglitz A year before receiving the Nobel, in 2000, the Initiative for Policy Dialogue (IPD in English) within Columbia University, where Guzman As an aspiring economist to important places in global structural theory. Fate then wanted to become the first global trial in which the Stiglitz-Akerlov duo could implement their visions of how development should be achieved with policies different from the usual ones inherited from the Washington Consensus, but also from the advocates of focused Bolivarianism. Yellen was also the 1997 heir to the group of advisors that Stiglitz formed together, at the start of Bill Clinton’s term as President of the United States in 1992. This platform led her in 2010 to the vice presidency of the United States Federal Reserve, then the first woman to lead the entity between 2014 and 2018. Stiglitz has always thanked him publicly for the way he kept his inheritance before ClintonEspecially in the continuity of aid to developing countries and its inclusion in the implementation of the Washington Consensus.

But there’s still more. Akerlof has served as an external economic advisor to the International Monetary Fund for nearly 15 years, and from that position he dressed as a critic of recommendations for implementing active, pre-defined policies in closed, non-negotiable books, in developing countries with structural problems. Akerlof has consistently written and published papers calling on technicians who typically do assignments in states to avoid the obligation of those countries’ authorities to implement labor and tax reforms, deep cuts in public social spending and release macro variables. Critic of the International Monetary Fund in the 1990s, Akerlof has been one of the promoters of changes in the organism, which have been in place since Christine Lagarde’s postulate.

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Supposed to All this data should help obtain the largest service that the Washington administration should provide to Argentina In past decades. That is, to persuade the board of directors of the International Monetary Fund, where the United States manages the majority of stocks, to agree to an unprecedented agreement on “extended facilities”; Unique in the history of the organism. This should include the possibility of non-payment of capital or interest for a period of three years, that annual installments do not exceed $ 2000 or $ 3000 million, and that the agreement, if possible, extends for more than 10 years (difficult), that there are no inspection missions every three months. And, most importantly, the exchange rate and fiscal deficit targets are as flexible as possible. Once again, Guzmán will have to apply all of his diplomatic arsenal and take advantage of his personal ties to Columbia.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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