Sebastian Galiani

Sebastian Galiani is the economist in Currency Chaos in Argentina (Summer School) who explains Argentina’s volatility, capital controls, fiscal deficit problem, and post-Milei stabilization attempt. The episode uses his comments to connect daily stories about dollars, jobs, and prices to Capital Controls, Menu Costs, Austerity, and Exchange-Rate Flexibility.

Galiani argues that Argentina’s alternating political factions often undo one another’s reforms, creating volatility in currency values, debt levels, and the business climate. He also compares Argentina with Chile by noting that predictable mortgage markets depend on a stability that many Argentines lack.

Connections

• Planet Money - show context for the interview.
• Argentina - country case he interprets.
• Currency Control Trap and Multiple Exchange Rate Regime - exchange-rate distortion branch he explains.
• Monetary Volatility and Menu Costs - planning and market-friction concepts from his analysis.
• Javier Milei, Austerity, and Exchange-Rate Flexibility - policy branch he evaluates.