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Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to...
Persistent link: https://www.econbiz.de/10012676024
Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to...
Persistent link: https://www.econbiz.de/10014487907
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To analyse the interdependence between monetary and fiscal policy during a financial crisis, we develop an open-economy … real economy. But if we assume that households are averse with respect to outstanding government debt, we find that a …
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