Would you happen to know where to find this? I’ve not seen much about their monetary policy except from a tradingeconomics graph of money supply. Where growth seems similar to the 3 year trend.

Thanks for the responses!

Real value of debt = PDV surpluses is an equilibrium condition not constraint, so P need not adjust right away.

These off-equilibrium dynamics need to be spelled out. What pushes convergence to an equilibrium, etc.
In my mental model it’s something to do with the spread of money and bond demand.

In a standard FTPL view, the commitment to future passive policy can itself lead to disinflation. This looks similar to Sargent’s end of four big inflations.

I also have not seen evidence of monetary tightening. M growth looks roughly constant pre and post Milei, nominal rates are lower.

Has current money supply policy actually changed?