Nominal GDP targeting would allow the central bank to balance price stability and maximum employment more effectively.
Under President Javier Milei, the South American country’s turnaround bolsters the case for free-market economics.
Devaluing the dollar won’t pay off.
Total spending in the economy and nominal wage growth can help us see whether monetary policy is on track.
Both sides erred in the debate over recent price hikes.
Javier Milei’s election win offers the nation a chance to stabilize its tumultuous economy.
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