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Neoliberal economic policies in Venezuela and Argentina as a way to combat structural inflation: Results and prospects

Vol. 30, Iss. 12, DECEMBER 2024

PDF  Article PDF Version

Received: 12 August 2024

Received in revised form: 26 August 2024

Accepted: 9 September 2024

Available online: 26 December 2024

Subject Heading: MONETARY ACCOMMODATION

JEL Classification: E52

Pages: 2877-2888

https://doi.org/10.24891/fc.30.12.2877

Il’ya V. GREBENSHCHIKOV PAO Sberbank, Moscow, Russian Federation
colonizadorruso@gmail.com

ORCID id: not available

Subject. This article analyzes neoliberal economic policies in Venezuela and Argentina as a tool to combat structural inflation.
Objectives. The article aims to assess the effectiveness of neoliberal economic reforms in stabilizing economies and reducing inflation.
Methods. For the study, I used a comparative analysis.
Results. The article finds that despite short-term successes in reducing inflation, neoliberal reforms have often been accompanied by social costs, such as rising inequality and cuts in government spending on social programs.
Conclusions and Relevance. The article highlights the need for a comprehensive approach that combines neoliberal measures with social protection mechanisms, which can contribute to long-term economic stability. The use of the results of the study involves the development of recommendations for countries with similar economic problems.

Keywords: neoliberalism, trend inflation, economic reforms, Argentina, Venezuela

References:

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ISSN 2311-8709 (Online)
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