Dewey Decimal330.980035
Table Of ContentContents Foreword François R. Velde Acknowledgments Detecting Fiscal-Monetary Causes of Inflation Fernando Alvarez, Lars Peter Hansen, and Thomas Sargent A Framework for Studying the Monetary and Fiscal History of Latin America Timothy J. Kehoe, Juan Pablo Nicolini, and Thomas Sargent The Case of Argentina Francisco J. Buera and Juan Pablo Nicolini Discussion of the Case of Argentina Guillermo Calvo Discussion of the Case of Argentina Andrew Powell The Case of Bolivia Timothy J. Kehoe, Carlos Gustavo Machicado Salas, and José Peres Cajías Discussion of the Case of Bolivia Manuel Amador The Case of Brazil Márcio Garcia, Joao Ayres, Diogo Guillen, and Patrick Kehoe Discussion of the Case of Brazil José A. Scheinkman Discussion of the Case of Brazil Teresa Ter-Minassian The Case of Chile Rodrigo Caputo and Diego Saravia Discussion of the Case of Chile Sebastian Edwards The Case of Colombia David Perez-Reyna and Daniel Osorio Discussion of the Case of Colombia Arturo José Galindo The Case of Ecuador Simón Cueva and Julián P. Díaz Discussion of the Case of Ecuador Alberto Martin The Case of Mexico Felipe Meza Discussion of the Case of Mexico Alejandro Werner The Case of Paraguay Carlos Javier Charotti, Carlos Fernández Valdovinos, and Felipe González Soley Discussion of the Case of Paraguay Roberto Chang Discussion of the Case of Paraguay Pablo Andrés Neumeyer The Case of Peru César Martinelli and Marco Vega Discussion of the Case of Peru Mark Aguiar Discussion of the Case of Peru Saki Bigio The Case of Uruguay Gabriel Oddone and Joaquín Marandino Discussion of the Case of Uruguay Eduardo Fernández Arias Discussion of the Case of Uruguay Carlos Végh The Case of Venezuela Diego Restuccia Discussion of the Case of Venezuela Luigi Bocola Discussion of the Case of Venezuela Fabrizio Perri Lessons from the Monetary and Fiscal History of Latin America Carlos Esquivel, Timothy J. Kehoe, and Juan Pablo Nicolini Contributors Index
SynopsisA major, new, and comprehensive look at six decades of macroeconomic policies across the region What went wrong with the economic development of Latin America over the past half-century? Along with periods of poor economic performance, the region's countries have been plagued by a wide variety of economic crises. This major new work brings together dozens of leading economists to explore the economic performance of the ten largest countries in South America and of Mexico. Together they advance the fundamental hypothesis that, despite different manifestations, these crises all have been the result of poorly designed or poorly implemented fiscal and monetary policies. Each country is treated in its own section of the book, with a lead chapter presenting a comprehensive database of the country's fiscal, monetary, and economic data from 1960 to 2017. The chapters are drawn from one-day academic conferences--hosted in all but one case, in the focus country--with participants including noted economists and former leading policy makers. Cowritten with Nobel Prize winner Thomas J. Sargent, the editors' introduction provides a conceptual framework for analyzing fiscal and monetary policy in countries around the world, particularly those less developed. A final chapter draws conclusions and suggests directions for further research. A vital resource for advanced undergraduate and graduate students of economics and for economic researchers and policy makers, A Monetary and Fiscal History of Latin America, 1960-2017 goes further than any book in stressing both the singularities and the similarities of the economic histories of Latin America's largest countries. Contributors: Mark Aguiar, Princeton U; Fernando Alvarez, U of Chicago; Manuel Amador, U of Minnesota; Joao Ayres, Inter-American Development Bank; Saki Bigio, UCLA; Luigi Bocola, Stanford U; Francisco J. Buera, Washington U, St. Louis; Guillermo Calvo, Columbia U; Rodrigo Caputo, U of Santiago; Roberto Chang, Rutgers U; Carlos Javier Charotti, Central Bank of Paraguay; Simón Cueva, TNK Economics; Julián P. Díaz, Loyola U Chicago; Sebastian Edwards, UCLA; Carlos Esquivel, Rutgers U; Eduardo Fernández Arias, Peking U; Carlos Fernández Valdovinos (former Central Bank of Paraguay); Arturo José Galindo, Banco de la República, Colombia; Márcio Garcia, PUC-Rio; Felipe González Soley, U of Southampton; Diogo Guillen, PUC-Rio; Lars Peter Hansen, U of Chicago; Patrick Kehoe, Stanford U; Carlos Gustavo Machicado Salas, Bolivian Catholic U; Joaquín Marandino, U Torcuato Di Tella; Alberto Martin, U Pompeu Fabra; Cesar Martinelli, George Mason U; Felipe Meza, Instituto Tecnológico Autónomo de México; Pablo Andrés Neumeyer, U Torcuato Di Tella; Gabriel Oddone, U de la República; Daniel Osorio, Banco de la República; José Peres Cajías, U of Barcelona; David Perez-Reyna, U de los Andes; Fabrizio Perri, Minneapolis Fed; Andrew Powell, Inter-American Development Bank; Diego Restuccia, U of Toronto; Diego Saravia, U de los Andes; Thomas J. Sargent, New York U; José A. Scheinkman, Columbia U; Teresa Ter-Minassian (formerly IMF); Marco Vega, Pontificia U Católica del Perú; Carlos Végh, Johns Hopkins U; François R. Velde, Chicago Fed; Alejandro Werner, IMF., This major new work brings together dozens of leading economists to explore the economic performance of the ten largest countries in South America and of Mexico. Cowritten with Nobel Prize winner Thomas J. Sargent, the editors' introduction provides a conceptual framework for analyzing fiscal and monetary policy in countries around the world, particularly those less developed. A vital resource for advanced undergraduate and graduate students of economics and for economic researchers and policy makers, A Monetary and Fiscal History of Latin America, 1960-2017 goes further than any book in stressing both the singularities and the similarities of the economic histories of Latin America's largest countries. Book jacket.
LC Classification NumberHC125.M5838 2021