Macro Musings with David Beckworth: Emilio Ocampo on Dollarization and the State of the Argentine Economy

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Emilio Ocampo is a professor of finance and economic history at UCEMA. He has written widely on the Argentine economy and has advised President Javier Milei on economic policy. Emilio joins David on Macro Musings to talk about the current state of the Argentine economy, the present and ongoing reforms of President Milei, and the prospects for dollarization in Argentina.

Transcript for this week’s episode.

Emilio’s Twitter: @ocampo_emilio

Emilio’s Substack

Emilio’s UCEMA profile

David Beckworth’s Twitter: @DavidBeckworth

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Related Links:

*Commitment Devices with Time Inconsistency Disease and Institutional Anomie: The Case of Argentina* by Emilio Ocampo

*Dollarization: A Solution for Argentina* by Emilio Ocampo and Nicolas Cachanosky

*Argentina Scrapped Its Rent Controls. Now the Market is Thriving* by Ryan Dube

Timestamps:

(00:00:00) – Intro

(00:03:58) – Assessing Argentina’s Progress on Lowering Inflation

(00:11:12) – Exploring the Causes of Argentina’s Poor Economic Performance

(00:15:20) – *Commitment Devices with Time Inconsistency Disease and Institutional Anomie*

(00:26:29) – Javier Milei’s Plan to Revive Argentina

(00:31:39) – The Next Steps for Argentine Economic Reform

(00:39:56) – Defining Dollarization and Exploring its Historical Cases

(00:49:33) – Transitioning to Dollarization in Argentina

(00:55:12) – Dollarization Concerns and the Prospects for Dollarization Moving Forward

(00:58:48) – Outro