Who is Gabriel Rubinstein and how does he think, the man who sounds like Sergio Massa’s deputy minister

The great unknown so far that’s who would be the economist behind Sergio Massa, new owner of the Palacio de Hacienda. It has been playing loud since last night the deputy minister would be Gabriel Rubinstein. In addition to this designation, it is also estimated that this Friday he will complete the vacancies within his squad. The other thing where you understand that Massa will be doomed is to find the replacement of Darío Martínez, hitherto Secretary of Energy.

Gabriel Rubinstein is a well-known macroeconomist in the market who closely follows the macro in Argentina and understands monetary issues. Also, He was director of the Central Bank during Roberto Lavagna’s ministry.

How Gabriel Rubinstein thinks. In March of this year, when the possibility of a dollarization of the Argentine economy was ringing strong. Clarin contacted the economist to find out his idea on the subject. In this regard, the author of the book “Dollarisation, Argentina in the Global Village” said that in 1999 when he wrote it “there was a basic idea that dollarization could go a long way in avoiding default, and avoid a collapse of the economy ”. That process finally happened two years later, which was the collapse of convertibility, pesification and corralito.

Put into context, the economist made it clear that “this made sense at the time and in that way”. “Now to dollarize you have to have reserves, something that is not there today” put on guard. And he added: “Before embarking on a process of these characteristics, it is necessary to see what goal is being pursued. If what you want is lowering inflation to 5% per annum, there is no need to dollarize “.

“Basically, although it is a guiding rule that can be useful, I don’t see it is the right time to think about it. All energy must be used to eliminate the fiscal deficit in order to eliminate inflation “.he concluded.

In his view, this is the essential goal at the moment. because “by eliminating the fiscal deficit, in a short time you have the possibility have inflation like that of any other country “.

Developing

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