{"id":28993,"date":"2026-10-02T21:04:02","date_gmt":"2026-10-03T00:04:02","guid":{"rendered":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=28993"},"modified":"2026-10-02T21:04:02","modified_gmt":"2026-10-03T00:04:02","slug":"el-economista-alberto-ades-destaco-el-compromiso-mesianico-con-el-equilibrio-fiscal-de-javier-milei-le-da-mucha-credibilidad","status":"publish","type":"post","link":"https:\/\/cliente1.publisher.highstack.com.ar\/?p=28993","title":{"rendered":"El economista Alberto Ades destac\u00f3 el &#8220;compromiso mesi\u00e1nico con el equilibrio fiscal&#8221; de Javier Milei: &#8220;Le da mucha credibilidad&#8221;"},"content":{"rendered":"<div class=\"ai-tools\"><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-listen\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M14.99 9.22417C14.89 8.65466 14.5799 8.25501 14.0497 8.0352C14.0096 8.01522 13.9696 7.94528 13.9696 7.90532C13.9196 6.81627 13.6395 5.79716 13.0493 4.86797C12.0589 3.28934 10.6484 2.3102 8.80779 2.06042C6.8771 1.80064 5.1965 2.38014 3.81601 3.76893C2.69561 4.89794 2.10539 6.28673 2.04537 7.89533C2.04537 7.97526 2.01536 8.00523 1.94534 8.0352C1.35513 8.29498 1.03501 8.77456 1.01501 9.42399C0.994998 10.4731 0.994998 11.5222 1.01501 12.5712C1.02501 13.2507 1.53519 13.8701 2.19543 13.96C2.64559 14.02 3.10575 13.97 3.58592 13.97V13.8102C3.58592 11.9818 3.58592 10.1434 3.58592 8.31496C3.58592 7.93529 3.61593 7.54563 3.69596 7.16596C3.88603 6.2068 4.34619 5.38751 5.06645 4.73808C6.21686 3.69899 7.55734 3.34929 9.05788 3.71897C10.2483 4.00872 11.1486 4.7181 11.7889 5.78716C12.259 6.56648 12.4291 7.42573 12.4291 8.32495C12.4291 10.1534 12.4291 11.9918 12.4291 13.8301V14C12.8492 14 13.2494 14 13.6495 14C14.0497 13.99 14.3698 13.8002 14.6299 13.5004C14.8299 13.2706 14.93 12.9909 15 12.6911V9.29411C15 9.29411 14.98 9.26413 14.98 9.24415L14.99 9.22417Z\" fill=\"#e46211\"><\/path><path d=\"M5.08646 8.4948C5.04645 8.18507 4.74634 7.98525 4.45623 8.06518C4.21615 8.13512 4.0761 8.32495 4.0761 8.60471C4.0761 9.40401 4.0761 10.2133 4.0761 11.0126C4.0761 11.8119 4.0761 12.6312 4.0761 13.4505C4.0761 13.8401 4.44623 14.0899 4.78635 13.9401C5.03644 13.8301 5.10647 13.6203 5.10647 13.3606C5.10647 11.8019 5.10647 10.2333 5.10647 8.67464C5.10647 8.6147 5.10647 8.55475 5.09646 8.4948H5.08646Z\" fill=\"#e46211\"><\/path><path d=\"M11.2587 8.08516C11.0386 8.16509 10.9185 8.36492 10.9185 8.66465C10.9185 10.2333 10.9185 11.8119 10.9185 13.3805C10.9185 13.4405 10.9185 13.4904 10.9285 13.5504C10.9586 13.7902 11.1686 13.98 11.4087 13.99C11.7188 14 11.9489 13.7802 11.9489 13.4405C11.9489 12.6412 11.9489 11.8319 11.9489 11.0326V10.1933C11.9489 9.65379 11.9489 9.10427 11.9489 8.56474C11.9489 8.19506 11.5888 7.95527 11.2587 8.08516Z\" fill=\"#e46211\"><\/path><\/svg><\/span><span class=\"ai-tools-label\">Escuchar<\/span><\/button><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-keypoints\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M5.99679 1H12.4609C13.0887 1 13.6 1.52731 13.6 2.17489V13.8251C13.6 14.4727 13.0887 15 12.4609 15H3.53913C2.91126 15 2.39999 14.4727 2.39999 13.8251V9.19802V4.57092L5.99679 1Z\" stroke=\"#e46211\" stroke-width=\"1.2\" stroke-miterlimit=\"10\"><\/path><path d=\"M2.39999 5.38502H6.94416V3.94555V1\" stroke=\"#e46211\" stroke-width=\"1.2\" stroke-miterlimit=\"10\"><\/path><path d=\"M10.491 12.2L5.50657 12.2C5.32834 12.2 5.2037 11.8667 5.20008 11.517C5.19587 11.1484 5.32111 10.8 5.50657 10.8L10.4813 10.8C10.6632 10.8 10.795 11.105 10.7998 11.4804C10.8047 11.8341 10.6842 12.2 10.491 12.2Z\" fill=\"#e46211\"><\/path><path d=\"M10.491 9.4L5.50657 9.4C5.32834 9.4 5.2037 9.0666 5.20008 8.71694C5.19587 8.34831 5.32111 8 5.50657 8L10.4813 8C10.6632 8 10.795 8.30494 10.7998 8.68035C10.8047 9.03408 10.6842 9.4 10.491 9.4Z\" fill=\"#e46211\"><\/path><\/svg><\/span><span class=\"ai-tools-label\">Puntos clave<\/span><\/button><button type=\"button\" class=\"ai-tools-item\" aria-pressed=\"false\" aria-busy=\"true\" disabled id=\"ai-tool-summary\"><span class=\"ai-tools-icon\"><svg width=\"16\" height=\"16\" viewbox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M10.1798 2.50989H2.00488C1.45082 2.50989 0.999667 2.97515 0.999667 3.54653V13.8259C0.999667 14.3973 1.45082 14.8626 2.00488 14.8626H9.87772C10.4318 14.8626 10.8829 14.3973 10.8829 13.8259V9.74329V8.13118\" stroke=\"#e46211\" stroke-width=\"1.5\" stroke-miterlimit=\"10\"><\/path><path d=\"M10.1892 0.937134C10.6648 0.938475 11.1562 1.16366 11.4167 1.62561C11.55 1.86167 11.6275 2.09395 11.6863 2.31506C11.7155 2.42487 11.7409 2.53449 11.7654 2.63831C11.7901 2.74317 11.8143 2.84342 11.8425 2.94202C11.9524 3.32501 12.1244 3.68637 12.6199 4.0387C12.813 4.1759 13.0533 4.26585 13.323 4.34534C13.5791 4.42077 13.8884 4.49238 14.1492 4.58362C14.4177 4.6776 14.6844 4.80688 14.8826 5.02698C15.086 5.25292 15.1994 5.55472 15.2 5.95667C15.2005 6.36975 15.0629 6.67221 14.8289 6.89612C14.6041 7.11103 14.3039 7.24024 14.0056 7.34241C13.8552 7.39392 13.6973 7.44108 13.5447 7.48792C13.3904 7.53527 13.2391 7.5828 13.0935 7.63733C12.801 7.74696 12.5446 7.87952 12.3503 8.07385C12.0286 8.39622 11.9022 8.69439 11.8142 9.0094C11.7284 9.31674 11.669 9.70188 11.4919 10.0973C11.021 11.1507 9.52066 11.2437 8.96753 10.2555L8.91675 10.1569C8.78168 9.86581 8.70167 9.59099 8.63452 9.34045C8.56606 9.08502 8.51334 8.86637 8.43335 8.65979C8.3555 8.45883 8.25391 8.27717 8.09253 8.10901C7.93025 7.94001 7.69993 7.776 7.35522 7.62073H7.35425C7.21051 7.55596 7.0298 7.5073 6.82104 7.45471C6.61857 7.40371 6.39051 7.3487 6.17847 7.27405C5.75409 7.12455 5.32309 6.86818 5.22729 6.30334C5.147 5.82785 5.20205 5.46325 5.37769 5.1842C5.55162 4.90818 5.8236 4.74853 6.1062 4.63733C6.38303 4.52841 6.70997 4.45202 6.99292 4.36975C7.28806 4.28393 7.55375 4.18824 7.76538 4.03772L7.93726 3.90491C8.30541 3.59437 8.45094 3.27848 8.54761 2.94592C8.60838 2.73677 8.64117 2.55614 8.70288 2.32092C8.76088 2.09995 8.83661 1.86635 8.96655 1.62756L9.073 1.4635C9.34447 1.10658 9.7727 0.936014 10.1892 0.937134ZM10.1785 3.151C9.91182 3.94374 9.55711 4.56476 9.04956 5.04163C8.6241 5.44134 8.10162 5.72923 7.45972 5.93909C8.77264 6.36001 9.87121 7.38936 10.2097 8.74377C10.4707 7.9695 10.8197 7.33816 11.3201 6.85217C11.7453 6.43925 12.271 6.142 12.9216 5.94495C11.6239 5.4965 10.5274 4.50683 10.1785 3.151Z\" fill=\"#e46211\" stroke=\"var(--gray-10)\" stroke-width=\"0.4\"><\/path><\/svg><\/span><span class=\"ai-tools-label\">Resumen<\/span><\/button><\/div>\n<div class=\"visual__image image-initial-width\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/33IUCQKFZ5DGDOYDJODMYJLB3I.jpg?auth=e88d89bf6fe367fe3c1a5a478a7bc2411547692a5b2ed67acfc2ccc3620f7e71&amp;smart=true&amp;width=992&amp;height=558&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/33IUCQKFZ5DGDOYDJODMYJLB3I.jpg?auth=e88d89bf6fe367fe3c1a5a478a7bc2411547692a5b2ed67acfc2ccc3620f7e71&amp;smart=true&amp;width=768&amp;height=432&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/33IUCQKFZ5DGDOYDJODMYJLB3I.jpg?auth=e88d89bf6fe367fe3c1a5a478a7bc2411547692a5b2ed67acfc2ccc3620f7e71&amp;smart=true&amp;width=577&amp;height=325&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/33IUCQKFZ5DGDOYDJODMYJLB3I.jpg?auth=e88d89bf6fe367fe3c1a5a478a7bc2411547692a5b2ed67acfc2ccc3620f7e71&amp;smart=true&amp;width=420&amp;height=236&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/33IUCQKFZ5DGDOYDJODMYJLB3I.jpg?auth=e88d89bf6fe367fe3c1a5a478a7bc2411547692a5b2ed67acfc2ccc3620f7e71&amp;smart=true&amp;width=350&amp;height=197&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"El economista Alberto Ades brind\u00f3 una charla en la Facultad de Ciencias Econ\u00f3micas de la UBA\" class=\"global-image\" decoding=\"async\" fetchpriority=\"high\" height=\"1080\" loading=\"eager\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/33IUCQKFZ5DGDOYDJODMYJLB3I.jpg?auth=e88d89bf6fe367fe3c1a5a478a7bc2411547692a5b2ed67acfc2ccc3620f7e71&amp;smart=true&amp;width=350&amp;height=197&amp;quality=85\" width=\"1920\"><\/picture><\/div>\n<div class=\"sharebar-container display_flex sharebar-new\" style=\"opacity:1\">\n<div class=\"share-bar-article-date-container \"><span class=\"sharebar-article-date\">02 Oct, 2026 07:37 p. m. EST<\/span><\/div>\n<div class=\"sharebar-buttons-container display_flex\">\n<div aria-label=\"Guardar\" class=\"sharebar-buttons button-save\" role=\"button\" tabindex=\"0\"><svg width=\"9\" height=\"12\" viewbox=\"0 0 8 10\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"saved-icon saved\"><path d=\"M6.64286 0.5V9.31687L4.1116 7.16407L4.11106 7.16361C3.79894 6.89891 3.34392 6.89891 3.03179 7.16361L3.03126 7.16407L0.5 9.31687V0.5H6.64286Z\"><\/path><\/svg><span class=\"buttons-save-text\">Guardar<\/span><\/div>\n<div class=\"sharebar-buttons-separator\"><\/div>\n<p><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Telegram\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M24.9696 12.5511L10.3405 18.0494C10.0623 18.151 9.92701 18.4484 10.0398 18.7168C10.0999 18.8619 10.2277 18.9779 10.3856 19.0214L14.1068 20.0805L15.4975 24.3312C15.6028 24.6576 15.9636 24.839 16.2944 24.7374C16.3921 24.7084 16.4823 24.6504 16.5575 24.5778L18.482 22.6846L22.2558 25.354C22.6091 25.6006 23.0977 25.5281 23.3533 25.1872C23.421 25.1001 23.4661 24.9986 23.4887 24.897L25.9845 13.3707C26.0672 12.979 25.8116 12.5946 25.4056 12.5148C25.2628 12.4858 25.1124 12.5003 24.9771 12.5511M23.1429 15.1116L16.347 20.9147C16.2793 20.9727 16.2342 21.0525 16.2267 21.1395L15.9636 23.381C15.9636 23.4172 15.926 23.4462 15.8884 23.439C15.8583 23.439 15.8358 23.4172 15.8283 23.3955L14.7533 20.0442C14.7007 19.8919 14.7683 19.7251 14.9111 19.638L22.9399 14.836C23.0226 14.7852 23.1353 14.8142 23.1804 14.894C23.2255 14.9666 23.2105 15.0536 23.1504 15.1116\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Linkedin\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M16.5556 27V16.2231H19.963V17.6949C20.0185 17.6368 20.0648 17.5787 20.1111 17.5206C20.8611 16.349 22.2037 15.739 23.537 15.981C25.3889 16.1359 26.8426 17.7046 26.9259 19.6411C26.9722 20.0478 27 20.4641 27 20.8708C27 22.817 27 24.7633 27 26.7095V26.9806H23.5741V26.6805C23.5741 24.8892 23.5741 23.0882 23.5741 21.2969C23.5741 20.8805 23.5278 20.4545 23.4259 20.0478C23.1945 19.1279 22.2963 18.5663 21.4074 18.8084C21.2037 18.8665 21 18.9633 20.8333 19.0989C20.3333 19.4281 20.0185 19.9897 19.9907 20.6094C19.9722 21.1419 19.9722 21.6842 19.9722 22.2167V26.9903H16.5648L16.5556 27ZM11.2222 27V16.2037H11.7407C12.6204 16.2037 13.5 16.2037 14.3796 16.2037C14.5833 16.2037 14.6482 16.2328 14.6482 16.4748V26.9903H11.2222V27ZM11.0093 12.8825C11.0093 11.8465 11.8055 11.0041 12.787 11.0041C12.8426 11.0041 12.8982 11.0041 12.9537 11.0041C13.9445 10.9363 14.7963 11.7206 14.8611 12.7567C14.8611 12.7954 14.8611 12.8438 14.8611 12.8825C14.8426 13.9283 14.0278 14.761 13.0278 14.7416C12.9907 14.7416 12.9537 14.7416 12.9259 14.7416H12.9074C11.9259 14.8191 11.0741 14.0445 11 13.0181C11 12.9697 11 12.931 11 12.8825H11.0093Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Twitter\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M11.0391 11L17.2165 19.8249L11 27H12.399L17.8415 20.7182L22.2389 27H27L20.475 17.6786L26.2613 11H24.8623L19.85 16.7855L15.8001 11H11.0391ZM13.0965 12.101H15.2838L24.9423 25.8987H22.7551L13.0965 12.101Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Facebook\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M17.3544 26.9921V18.9235H15V16.3346H17.3544V16.0805C17.3544 15.3816 17.3291 14.6748 17.3882 13.976C17.3882 12.8642 18.0633 11.8556 19.1266 11.3712C19.5232 11.1965 19.9452 11.0853 20.3755 11.0376C21.2532 10.9741 22.1308 10.99 23 11.0932V13.4201H22.7722C22.2743 13.4201 21.7848 13.4201 21.2869 13.436C20.73 13.4042 20.2489 13.8013 20.2152 14.3254C20.2152 14.373 20.2152 14.4128 20.2152 14.4604C20.1983 15.0481 20.2152 15.6357 20.2152 16.2234C20.2152 16.2552 20.2152 16.2949 20.2321 16.3267H22.9409C22.8228 17.2082 22.7046 18.0579 22.5865 18.9315H20.2236V27H17.3629L17.3544 26.9921Z\" fill=\"#555555\"><\/path><\/svg><\/button><button class=\"sharemenu-buttons display_flex\" aria-label=\"Compartir en Whatsapp\"><svg width=\"38\" height=\"38\" viewbox=\"0 0 38 38\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" fill=\"white\"><\/rect><rect x=\"0.5\" y=\"0.5\" width=\"37\" height=\"37\" rx=\"18.5\" stroke=\"#C2C2C2\"><\/rect><path d=\"M21.2863 19.9439C21.0997 19.8551 20.9664 19.9262 20.8419 20.0861C20.6731 20.3261 20.4687 20.5483 20.2909 20.7794C20.1665 20.9393 20.0243 20.9749 19.8376 20.8949C18.6645 20.4239 17.7757 19.6506 17.1269 18.5841C17.0292 18.4242 17.038 18.2997 17.1536 18.1575C17.3225 17.9531 17.4824 17.7576 17.6157 17.5354C17.678 17.4287 17.7135 17.2599 17.678 17.1532C17.4735 16.6111 17.2425 16.0867 17.0114 15.5535C16.9669 15.4557 16.8781 15.3313 16.7892 15.3224C16.4248 15.2602 16.0426 15.1891 15.7316 15.4912C15.1094 16.0778 14.8784 16.7977 15.0383 17.6243C15.1805 18.3619 15.5983 18.9663 16.0426 19.5618C16.887 20.6638 17.8646 21.6237 19.1622 22.1925C19.7932 22.4769 20.4331 22.7613 21.1441 22.7613C21.2685 22.7613 21.393 22.7613 21.5085 22.7346C22.4506 22.5391 23.1172 22.0058 23.0816 21.0193C23.0816 20.9216 23.0194 20.7794 22.9483 20.7438C22.3973 20.4594 21.8462 20.2017 21.2863 19.9439Z\" fill=\"#555555\"><\/path><path d=\"M26.9482 17.8724C26.3972 13.4642 22.1401 10.3447 17.7229 11.1179C12.6481 11.9977 9.71521 17.2859 11.6883 21.9963C12.1948 22.6629 12.0615 23.3472 11.8216 24.0849C11.5105 25.027 11.2794 26.0046 11.0039 27C11.1194 26.9733 11.1994 26.9644 11.2794 26.9378C12.5059 26.6178 13.7324 26.3068 14.9411 25.9868C15.1544 25.9335 15.3144 25.9602 15.5099 26.0579C17.1719 26.8667 18.9227 27.0978 20.718 26.7067C24.833 25.7913 27.4548 22.0496 26.9305 17.8902L26.9482 17.8724ZM20.0515 25.4624C18.4784 25.7113 17.003 25.3913 15.6166 24.6003C15.5099 24.5381 15.3411 24.5115 15.2077 24.547C14.4612 24.7248 13.7146 24.9292 12.9147 25.1336C13.1192 24.3693 13.3058 23.6672 13.5102 22.9473C13.5635 22.7606 13.5369 22.6273 13.4391 22.4673C11.0039 18.5479 13.1014 13.5442 17.6163 12.5043C21.2868 11.6511 25.0285 14.1841 25.5884 17.908C26.1395 21.5519 23.6954 24.8936 20.0515 25.4624Z\" fill=\"#555555\"><\/path><\/svg><\/button><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"1\">Un economista argentino con m\u00e1s de tres d\u00e9cadas de trayectoria en los mercados financieros globales, doctorado en <b>Harvard<\/b> y con pasado en <b>Goldman Sachs<\/b>, puso en valor este viernes el programa econ\u00f3mico de <b>Javier Milei<\/b>: habl\u00f3 de un <b>\u201ccompromiso mesi\u00e1nico con el equilibrio fiscal\u201d<\/b> como el principal activo de credibilidad del Gobierno ante los inversores internacionales. La afirmaci\u00f3n fue de <b>Alberto Ades<\/b>, hoy estratega global en <b>Vector Alpha<\/b>, quien disert\u00f3 en la <b>Facultad de Ciencias Econ\u00f3micas de la Universidad de Buenos Aires (UBA)<\/b> bajo el t\u00edtulo <i>\u201cEl mundo que ya lleg\u00f3. Geopol\u00edtica, deuda y mercados: el cambio de r\u00e9gimen ya se puede medir\u201d<\/i>.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-1\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"2\">El diagn\u00f3stico de Ades no fue, sin embargo, sin matices. Junto al reconocimiento del avance fiscal, el economista lanz\u00f3 una advertencia sobre el horizonte de 2027: ese a\u00f1o, dijo, <b>Argentina deber\u00e1 enfrentar \u201cuna pared de vencimientos y mucha incertidumbre pol\u00edtica\u201d<\/b>, una combinaci\u00f3n que calific\u00f3 de \u201criesgosa\u201d y que, a su juicio, exigir\u00e1 del Gobierno una gesti\u00f3n muy activa para diferir o garantizar financiamiento antes de que el ciclo electoral complique a\u00fan m\u00e1s el escenario. El contraste entre los logros recientes y los desaf\u00edos que se avecinan estructur\u00f3 buena parte de su exposici\u00f3n ante el p\u00fablico de la casa de estudios porte\u00f1a.<\/p>\n<div class=\"inline ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline\" data-ad-slot=\"infobae\/economia\/nota\/inline\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline\" class=\"infobae\/economia\/nota\/inline arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"3\">Como tel\u00f3n de fondo, Ades traz\u00f3 un mapa del nuevo orden econ\u00f3mico mundial. Sostuvo que <b>\u201cdinero, energ\u00eda y seguridad\u201d<\/b> son los tres ejes que comenzaron a pesar desde 2022 y que hoy condicionan a todos los pa\u00edses. A\u00f1adi\u00f3 que el capital ser\u00e1 m\u00e1s caro por un per\u00edodo prolongado, que las tasas largas seguir\u00e1n elevadas en ausencia de consolidaci\u00f3n fiscal en las grandes econom\u00edas, y que la geopol\u00edtica pas\u00f3 a ser \u201cuna variable de primer orden\u201d. En ese marco \u2014donde el rol del Estado se ampl\u00eda en Estados Unidos, Europa, China, Corea y Jap\u00f3n con agendas industriales activas\u2014 plante\u00f3 su tesis central: <b>\u201cLos mayores movimientos del mercado ocurren cuando cambia el r\u00e9gimen econ\u00f3mico, no cuando cambia el ciclo\u201d<\/b>.<\/p>\n<div class=\"marfeel-recommender marfeel-recommender-3\"><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"4\">Sobre la situaci\u00f3n argentina, Ades reconoci\u00f3 que la suba del <b>riesgo pa\u00eds a 633 puntos<\/b> puede resultar llamativa, pero la relativiz\u00f3 con perspectiva hist\u00f3rica. <\/p>\n<p class=\"paragraph\" data-paragraph-number=\"5\">\u201cLa suba del riesgo pa\u00eds a 633 puntos parece bastante dram\u00e1tica, y en un punto lo es, pero tambi\u00e9n est\u00e1 bien comprobar lo que ha ca\u00eddo en los \u00faltimos dos a\u00f1os y medio\u201d, se\u00f1al\u00f3. <\/p>\n<div class=\"marfeel-recommender marfeel-recommender-5\"><\/div>\n<div class=\"inline_2 ad-wrapper dfpAd ad-inline ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"inline_2\" data-ad-slot=\"infobae\/economia\/nota\/inline_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/inline_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/inline_2\" class=\"infobae\/economia\/nota\/inline_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/inline_2\"><\/div>\n<\/div>\n<div class=\"visual__image\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/KXCMXGXNMVETPANIIIRF7QD5F4.jpg?auth=283c00b28e9eeb008c17612f55a216ce6a0d0c73666aca34adedd4c0a17c3384&amp;smart=true&amp;width=992&amp;height=1489&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/KXCMXGXNMVETPANIIIRF7QD5F4.jpg?auth=283c00b28e9eeb008c17612f55a216ce6a0d0c73666aca34adedd4c0a17c3384&amp;smart=true&amp;width=768&amp;height=1153&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/KXCMXGXNMVETPANIIIRF7QD5F4.jpg?auth=283c00b28e9eeb008c17612f55a216ce6a0d0c73666aca34adedd4c0a17c3384&amp;smart=true&amp;width=577&amp;height=866&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/KXCMXGXNMVETPANIIIRF7QD5F4.jpg?auth=283c00b28e9eeb008c17612f55a216ce6a0d0c73666aca34adedd4c0a17c3384&amp;smart=true&amp;width=420&amp;height=630&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/KXCMXGXNMVETPANIIIRF7QD5F4.jpg?auth=283c00b28e9eeb008c17612f55a216ce6a0d0c73666aca34adedd4c0a17c3384&amp;smart=true&amp;width=350&amp;height=525&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"Ades destac\u00f3 el \u201ccompromiso mesi\u00e1nico con el equilibrio fiscal\u201d de Javier Milei\" class=\"global-image\" decoding=\"async\" fetchpriority=\"low\" height=\"1621\" loading=\"lazy\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/KXCMXGXNMVETPANIIIRF7QD5F4.jpg?auth=283c00b28e9eeb008c17612f55a216ce6a0d0c73666aca34adedd4c0a17c3384&amp;smart=true&amp;width=350&amp;height=525&amp;quality=85\" width=\"1080\"><\/picture><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"6\">Complet\u00f3 ese cuadro con otros indicadores: las reservas crecieron, la inflaci\u00f3n \u2014que en 2023 alcanz\u00f3 el <b>211% anual<\/b>\u2014 \u201cha ca\u00eddo significativamente\u201d, y el Tesoro recuper\u00f3 acceso parcial al mercado dom\u00e9stico de deuda. Al mismo tiempo, advirti\u00f3 que un riesgo pa\u00eds de 633 puntos, sumado a un bono del Tesoro en 525, arroja un <b>costo de financiamiento del 11,6%<\/b>, al que defini\u00f3 como \u201cproblem\u00e1tico\u201d.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"7\">Ades dedic\u00f3 un tramo de su charla a distinguir la situaci\u00f3n actual de la crisis de 2018, cuando la suba de tasas de la <b>Reserva Federal<\/b> de Estados Unidos precipit\u00f3 el colapso del programa econ\u00f3mico de <b>Mauricio Macri<\/b>. \u201cYo creo que esto no es 2018. \u00bfPor qu\u00e9? Porque los n\u00fameros son muy distintos\u201d, afirm\u00f3. <\/p>\n<div class=\"ad_1 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_1\" data-ad-slot=\"infobae\/economia\/nota\/ad_1\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_1\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_1\" class=\"infobae\/economia\/nota\/ad_1 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_1\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"8\">Se\u00f1al\u00f3 que en aquel momento Argentina cerr\u00f3 el a\u00f1o con un <b>d\u00e9ficit de cuenta corriente del 5,5% del PBI<\/b> y un <b>d\u00e9ficit fiscal de 6 puntos del PBI<\/b>, lo que generaba necesidades de financiamiento externo elevadas justo cuando el costo del dinero sub\u00eda a nivel global. Hoy, en cambio, el d\u00e9ficit fiscal es m\u00ednimo \u2014con discusi\u00f3n sobre si hay un peque\u00f1o super\u00e1vit o un peque\u00f1o d\u00e9ficit, seg\u00fan la metodolog\u00eda\u2014 y el externo \u201ctiene un peque\u00f1o d\u00e9ficit con potencial de convertirse en super\u00e1vit\u201d. <\/p>\n<p class=\"paragraph\" data-paragraph-number=\"9\">La conclusi\u00f3n fue directa: <b>\u201cLos desbalances externos y fiscales son mucho menores, es menor entonces la necesidad de financiamiento externo, todo lo cual nos torna mucho menos vulnerables\u201d<\/b> a lo que ocurra con las tasas en Estados Unidos.<\/p>\n<div class=\"ad_2 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_2\" data-ad-slot=\"infobae\/economia\/nota\/ad_2\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_2\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_2\" class=\"infobae\/economia\/nota\/ad_2 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_2\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"10\">Sobre el tipo de cambio, Ades constat\u00f3 que el peso est\u00e1 m\u00e1s apreciado que en 2017 \u2014en los proleg\u00f3menos de aquella crisis\u2014 y por encima del promedio hist\u00f3rico del \u00edndice del Banco Central. Ante ese diagn\u00f3stico, evalu\u00f3 tres v\u00edas posibles para lograr un tipo de cambio m\u00e1s depreciado: <\/p>\n<ul data-icon=\"\u2b24\" class=\"list\">\n<li data-icon=\"\u2b24\"><span>La primera: <b>\u201cLograr m\u00e1s super\u00e1vit fiscal, que requiere m\u00e1s ajuste fiscal en un a\u00f1o electoral y en el corto plazo a veces no funciona\u201d<\/b>. <\/span><\/li>\n<li data-icon=\"\u2b24\"><span>La segunda: aplicar una devaluaci\u00f3n discrecional, opci\u00f3n que descart\u00f3 porque \u201cla devaluaci\u00f3n pasa a precios muy r\u00e1pido y se pierde r\u00e1pido la ganancia de tipo real\u201d. <\/span><\/li>\n<li data-icon=\"\u2b24\"><span>La tercera, y la que present\u00f3 con mayor potencial estructural: encarar reformas que eleven la productividad, lo que aprecia el tipo real de equilibrio y reduce la brecha con el tipo real de mercado. <\/span><\/li>\n<\/ul>\n<div class=\"visual__image\"><picture><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/IVUKBADQLBDWFHT54EBIOAKTJQ.jpg?auth=24754623ea1a3c4a317dc19151645ab7340b7ae5d4d76f34475a82a4ff5deb5b&amp;smart=true&amp;width=992&amp;height=661&amp;quality=85\" media=\"(min-width: 1000px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/IVUKBADQLBDWFHT54EBIOAKTJQ.jpg?auth=24754623ea1a3c4a317dc19151645ab7340b7ae5d4d76f34475a82a4ff5deb5b&amp;smart=true&amp;width=768&amp;height=512&amp;quality=85\" media=\"(min-width: 768px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/IVUKBADQLBDWFHT54EBIOAKTJQ.jpg?auth=24754623ea1a3c4a317dc19151645ab7340b7ae5d4d76f34475a82a4ff5deb5b&amp;smart=true&amp;width=577&amp;height=385&amp;quality=85\" media=\"(min-width: 580px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/IVUKBADQLBDWFHT54EBIOAKTJQ.jpg?auth=24754623ea1a3c4a317dc19151645ab7340b7ae5d4d76f34475a82a4ff5deb5b&amp;smart=true&amp;width=420&amp;height=280&amp;quality=85\" media=\"(min-width: 350px)\"><\/source><source srcset=\"https:\/\/www.infobae.com\/resizer\/v2\/IVUKBADQLBDWFHT54EBIOAKTJQ.jpg?auth=24754623ea1a3c4a317dc19151645ab7340b7ae5d4d76f34475a82a4ff5deb5b&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" media=\"(min-width: 80px)\"><\/source><img alt=\"El economista advirti\u00f3 que 2027 ser\u00e1 un a\u00f1o complejo debido a las elecciones\" class=\"global-image\" decoding=\"async\" fetchpriority=\"low\" height=\"1280\" loading=\"lazy\" src=\"https:\/\/www.infobae.com\/resizer\/v2\/IVUKBADQLBDWFHT54EBIOAKTJQ.jpg?auth=24754623ea1a3c4a317dc19151645ab7340b7ae5d4d76f34475a82a4ff5deb5b&amp;smart=true&amp;width=350&amp;height=233&amp;quality=85\" width=\"1920\"><\/picture><\/div>\n<p class=\"paragraph\" data-paragraph-number=\"11\">A\u00f1adi\u00f3 que, en el contexto actual, lograr una depreciaci\u00f3n cambiaria \u201cno es f\u00e1cil, mucho menos cuando los sectores que generan divisas est\u00e1n creciendo al ritmo que lo est\u00e1n haciendo la energ\u00eda, la miner\u00eda o el agro\u201d.<\/p>\n<p class=\"paragraph\" data-paragraph-number=\"12\">El n\u00facleo de la charla, en l\u00ednea con el t\u00edtulo que propuso para su exposici\u00f3n, fue la <b>credibilidad fiscal<\/b> como variable diferenciadora. \u201cArgentina tiene lo que no ten\u00eda hace 3 a\u00f1os: m\u00e1s credibilidad fiscal\u201d, afirm\u00f3 Ades. <\/p>\n<div class=\"ad_3 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_3\" data-ad-slot=\"infobae\/economia\/nota\/ad_3\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_3\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_3\" class=\"infobae\/economia\/nota\/ad_3 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_3\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"13\">Y fue en ese punto donde apareci\u00f3 la caracterizaci\u00f3n m\u00e1s contundente de la noche: <b>\u201cTenemos un presidente con un compromiso mesi\u00e1nico con el equilibrio fiscal, es un caso notorio que no se ve en ning\u00fan otro pa\u00eds del mundo, y eso le da mucha credibilidad en el sentido de que, si falla la recaudaci\u00f3n, implementar\u00e1 m\u00e1s ajuste fiscal para equilibrar\u201d<\/b>, sostuvo. <\/p>\n<p class=\"paragraph\" data-paragraph-number=\"14\">Sin embargo, advirti\u00f3 que esa credibilidad tiene una agenda pendiente: la reforma impositiva, la previsional y la del r\u00e9gimen de coparticipaci\u00f3n, que \u201cenfrentan dificultades pol\u00edticas y por ahora no se han materializado\u201d, pero que tendr\u00edan \u201cun impacto muy positivo\u201d si llegaran a concretarse.<\/p>\n<div class=\"ad_4 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_4\" data-ad-slot=\"infobae\/economia\/nota\/ad_4\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_4\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_4\" class=\"infobae\/economia\/nota\/ad_4 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_4\"><\/div>\n<\/div>\n<p class=\"paragraph\" data-paragraph-number=\"15\">Entre los factores externos que juegan a favor del pa\u00eds, Ades mencion\u00f3 la relaci\u00f3n bilateral con Washington. <b>\u201cNos juega a favor nuestra amistad con Estados Unidos, que nos presta plata y nos da acceso privilegiado a su mercado\u201d<\/b>, se\u00f1al\u00f3. <\/p>\n<p class=\"paragraph\" data-paragraph-number=\"16\">Tambi\u00e9n subray\u00f3 que hay anuncios de inversi\u00f3n con \u201cun potencial enorme\u201d, tanto en la balanza de pagos como en el nivel de actividad, aunque aclar\u00f3 que existe un desfase temporal: muchos de los proyectos anunciados se materializar\u00e1n reci\u00e9n en cuatro o cinco a\u00f1os, mientras que las elecciones ser\u00e1n en 2027. <\/p>\n<p class=\"paragraph\" data-paragraph-number=\"17\">Fue en ese contexto donde reiter\u00f3 su advertencia sobre el pr\u00f3ximo a\u00f1o: \u201cVeo al Gobierno muy proactivo, tratando de empujar esos vencimientos para atr\u00e1s o asegurarse financiamiento oficial\u201d, concluy\u00f3.<\/p>\n<div class=\"ad_5 ad-wrapper dfpAd ad-1-al-6 ad-text ad-component-container\" style=\"--ad-shell-height:250px;--ad-shell-width:300px\" data-ad-wrapper=\"arcad\" data-ad-type=\"ad_5\" data-ad-slot=\"infobae\/economia\/nota\/ad_5\" data-ad-container=\"dfp\" data-ad-slot-name=\"infobae\/economia\/nota\/ad_5\">\n<p class=\"ad-shell-label\">PUBLICIDAD<\/p>\n<div id=\"infobae\/economia\/nota\/ad_5\" class=\"infobae\/economia\/nota\/ad_5 arcad ad-slot-node ad-slot-node--boxed\" data-ad-slot-id=\"infobae\/economia\/nota\/ad_5\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>EscucharPuntos claveResumen 02 Oct, 2026 07:37 p. m. EST Guardar Un economista argentino con m\u00e1s de tres d\u00e9cadas de trayectoria en los mercados financieros globales, doctorado en Harvard y con pasado en Goldman Sachs, puso en valor este viernes el programa econ\u00f3mico de Javier Milei: habl\u00f3 de un \u201ccompromiso mesi\u00e1nico con el equilibrio fiscal\u201d como [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/28993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28993"}],"version-history":[{"count":0,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/posts\/28993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=\/wp\/v2\/media\/28994"}],"wp:attachment":[{"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cliente1.publisher.highstack.com.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}