Next, a sharp rise in the price of food exports, heavily taxed in Argentina, augmented government revenues, providing the cash to finance increased expenditure. Given Argentina’s isolation from world financial markets, its central bank could cut domestic interest rates with limited fear of capital flight.
但当阿根廷废除货币与美元1：1挂钩时，实际汇率大幅下降。这导致了从进口向本国产品的需求转折。之后粮食出口价格大幅上涨，而这部分出口在阿根廷税收很重，政府收入因此而增加，积累了足够的现金用于增加支出。因为阿根廷几乎孤立于国际金融市场，其央行可以在无惧资本外逃的情况下下调国内利率。财政及货币刺激共同支撑了国内经济快速恢复。