Resumen

MARTIN, Sergio. The Debate on the Economic Policy of the Cardenism: A Contemporary Perspective. Am. Lat. Hist. Econ [online]. 2019, vol.26, n.1, e916. ISSN 2007-3496.  https://doi.org/10.18232/alhe.916.

We name traditional hypothesis that which has established that the economic policy of the Cardenas regime must be defined as populist, which implies the use of expansionary fiscal and monetary policies. These had an impact in rising inflation, overvaluation of the exchange rate and external balances disequilibria. An alternative hypothesis came next, which criticized the traditional one in its own terms. The purpose of this essay is to offer a contemporary view of that debate and to vindicate the traditional hypothesis with improved arguments from a methodological and empirical perspective.

Palabras llave : economic policy; fiscal policy; monetary policy; populism; inflation; macroeconomic disequilibria.