Federico Sturzenegger

Quick Facts

Full Name	Federico Sturzenegger
Occupation	Politician
Date Of Birth	Feb 11, 1966(1966-02-11)
Age	58
Country	Argentina
Birth City	Rufino
Horoscope	Aquarius

Federico Sturzenegger Biography

Federico Sturzenegger is one of the most popular and richest Politician who was born on February 11, 1966 in Rufino, Argentina. Federico Sturzenegger (born 11 February 1966 in Rufino, Santa Fe) is an Argentine economist who served as the president of the Central Bank of Argentina between 2015 and the year 2018. Sturzenegger holds a doctorate in Economics from MIT and was an economist professor in UCLA, Torcuato di Tella University (where he was also dean of the Business School), and Kennedy School of Government of Harvard University. He currently teaches in the Universidad de San Andres in Buenos Aires and is Honoris Causa Professor at HEC Paris. Academically, he introduced Dark Matter, a term that refers to invisible assets that account for the differences between the official estimate of the balance of payments and estimations that are based on the actual returns net financial position and the notion of the de facto exchange rate. Through his academic career, He has published over fifty papers in a number of reputable journals and eight books. He was also the Chief Economist at YPF as well as the President of Banco Ciudad, and a National Congressman of PRO. PRO party.

Dark matter was used by Sturzenegger and Ricardo Hausmann to refer to invisible assets that are the reason for the differences between estimates from the official estimation regarding the U.S. current account, and estimates that are based on the actual returns to the U.S. net financial position. Particularly specifically, there is a difference between the estimates of the U.S. Bureau of Economic Analysis (BEA) estimated the net U.S. current account deficit to be 2.5 trillion in 2004. But, according to Sturzenegger and his coworker Ricardo Hausmann, the U.S. current account deficit could not be as large as it was believed to be because otherwise it is likely that it is likely that the U.S. would be paying huge amounts of interest in its debt. However, this does not appear to be true. net income for 2004 was still positive 30 billion, which isn’t less than in the year 1980, when it was that U.S. built up its current account deficit. The authors conclude it is possible that it is possible that the “real” cumulative current account between the years 1980 and 2004 has actually been positive and that a significant quantity of (foreign) assets are removed from the calculation.

In February 2008 Sturzenegger was appointed president of the Banco Ciudad, a state owned bank property of the Government of the City of Buenos Aires. Before Sturzenegger’s appointment the bank was losing money. In the second half of 2007 it had suffered losses over 80 million Argentine pesos. In 2013, after six years under Sturzenegger’s management, the bank reached a record profit of more than 1300 million Argentine pesos, becoming the most profitable state owned company in Argentina. Between the years 2008 and 2012 the bank tripled its net worth and multiplied by 7 its loans to medium and small enterprises, by 6 its loans to large enterprises, and by 4 its mortgage loans.

Once the exchange restrictions inherited from the previous administration have been eliminated (modification of the exchange stock on 12/17/2015), modify the inflation targeting regime with a floating exchange rate that generates a pronounced drop in inflation. Core inflation, in particular, by December 2017 had stabilized at an annualized value of 18%, with downward expectations. This disinflation process, in turn, occurred in a context of strong economic growth (the economy grew by 4% in 2017). Even with these results in December 2017, the government decided to dismantle the system, which subsequently implied a process of increasing inflation, which motivated its departure shortly after.

in 1998 Sturzenegger quit his job at YPF and was appointed Director of the Business School at Torcuato di Tella University from 1998 until 2001. He resigned from his academic work and decided to join the government sector in his capacity as the Secretary of the Political Economy within Argentina. He was in 2002 when he was able to return to his former job as Dean of Torcuato di Tella University until the year 2005.

Federico Sturzenegger Net Worth

Federico Sturzenegger is one of the richest Politician from Argentina. According to our analysis, Wikipedia, Forbes & Business Insider, Federico Sturzenegger 's net worth $5 Million. (Last Update: December 11, 2023)

Federico Sturzenegger graduated in 1987 with a degree in Economics from the National University of La Plata. He received his Ph.D. from the Massachusetts Institute of Technology in 1991.

Between 1991 until 1994, Sturzenegger worked as an associate professor of economics in the University of California, Los Angeles. The professor was back in Argentina in 1995 after Jose Estenssoro appointed him as the chief economist at YPF.

The idea of dark matter has not gone without criticism. First, Willem Buiter has argued that dark matter should result in a higher rate of return on U.S. external assets than on U.S. external liabilities. However, he claims, there is no convincing evidence that this is the case. Second, the U.S. income from dark matter seems to vary enormously from year to year, even though it stems from permanent characteristics of the U.S. economy like the export of know- how. Lastly, Mathew Higgins, Thomas Klitgaard, and Cedric Tille agree with the assertion that U.S. foreign assets are currently undervalued. However, they argue that more important, U.S. foreign liabilities are overvalued. Thus, The U.S. has fewer foreign liabilities than is currently assumed; this fact (rather than dark matter) explains the unexpectedly high net income. In a 2007 article, Hausmann and Sturzenegger respond to some of these critiques, defending the existence and function of dark matter.

Height, Weight & Body Measurements

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Who is Federico Sturzenegger Dating?

According to our records, Federico Sturzenegger is possibily single & has not been previously engaged. As of December 1, 2023, Federico Sturzenegger’s is not dating anyone.

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Between December 2015 and June 2018, he served as President of the Central Bank of the Argentine Republic. Its management had three central axes: building a monetary/exchange system more suitable for the country, developing the financial system, and improving the means of payment technology.

Facts & Trivia

Federico Ranked on the list of most popular Politician. Also ranked in the elit list of famous people born in Argentina. Federico Sturzenegger celebrates birthday on February 11 of every year.

To develop the financial system, it introduced the Purchasing Value Units (UVAS), deposits and credits that adjust for the price level, for the first time in decades, the development of long-term credit. The result was the highest credit growth in 20 years in 2017, with a real explosion in the mortgage loan segment, a process that has continued later. We also implement a deep deregulation of bureaucratic restrictions that limits the potential growth of the financial sector.

Top Facts about Federico Sturzenegger

1. Federico Sturzenegger is an Argentine economist and former president of the Central Bank of Argentina.
2. He was born on February 11, 1965 in Rufino, Santa Fe Province, Argentina.
3. Sturzenegger holds a PhD in Economics from MIT.
4. He served as a professor at Universidad de San Andrés and Universidad Torcuato Di Tella.
5. In 2018, he resigned from his position as president of the Central Bank amid economic turmoil.
6. Sturzenegger implemented policies to combat inflation during his tenure at the Central Bank.
7. He also oversaw the lifting of currency controls and normalization of interest rates.
8. Prior to his role at the Central Bank, he served as Minister of Economy for Buenos Aires City.
9. Sturzenegger has authored several books on economics and monetary policy.
10. He is considered one of Argentina’s leading economists and policymakers.