世界银行：阿根廷的顺周期财政政策：长期婚姻的驱动因素和渠道（英文版）

Fiscal policy can play a critical role in mitigating business cycle volatility. However, between 1990 and 2022, Argentina was one of the most procyclical countries globally. This paper scrutinizes Argentina’s fiscal policy conduct throughout the business cycle, pinpointing procyclical budget components and estimating the cyclically adjusted primary balance, incorporating transient and structural factors. The study reveals a significant decline in Argentina’s cyclically adjusted primary balanc