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Macroeconomic Volatility in Latin America : A View and Three Case Studies

Caballero, Ricardo J. - 2000

better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …

Persistent link: https://www.econbiz.de/10012470968

Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime

Paolera, Gerardo della - 2000

This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made …-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and …

Persistent link: https://www.econbiz.de/10012471138

Business Cycles in International Historical Perspective

Basu, Susanto - 1999

This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business...

Persistent link: https://www.econbiz.de/10012471707

Real Business Cycles in Emerging Countries?

García-Cicco, Javier - 2006

We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...

Persistent link: https://www.econbiz.de/10012466032

Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile

Calvo, Guillermo A. - 2005

statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …

Persistent link: https://www.econbiz.de/10012467532

Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth

Acemoglu, Daron - 2002

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...

Persistent link: https://www.econbiz.de/10012469587

Peronist Beliefs and Interventionist Policies

Tella, Rafael Di - 2010

Argentina and Democrat and Republican voters in the US. While income and education suggest that Peronists (in relative terms …

Persistent link: https://www.econbiz.de/10012462036

The Macroeconomics of the Great Depression : A Comparative Approach

Bernanke, Ben - 1994

Recently, research on the causes of the Great Depression has shifted from a heavy emphasis on events in the United States to a broader, more comparative approach that examines the interwar experiences of many countries simultaneously. In this lecture I survey the current state of our knowledge...

Persistent link: https://www.econbiz.de/10012474101

Bolivia's Economic Crisis

Morales, Juan Antonio - 1988

By any standard, Bolivia's economic crisis in the 1980's has been extraordinary. Like its neighbors. Bolivia suffered from major external shocks, but the extent of economic collapse in the face of these shocks (including a hyperinflation during 1984-85) suggests that internal factors as well as...

Persistent link: https://www.econbiz.de/10012476427

Successful Adjustment in a Multi-Sectoral Economy

Aizenman, Joshua - 1987

This study analyzes the adjustment to a fiscal reform in a dependent economy. It evaluates the economic factors that are relevant for making the choice between a cut in employment versus a cut in wages as a means of reducing the fiscal wage bill. We demonstrate that in the presence of costly...

Persistent link: https://www.econbiz.de/10012476867

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