This volume deals with macroeconomic issues and their relation with economic growth. Frustrating GDP growth has been a lasting feature of Latin American economies since the 1980s. Analyzing the policy measures that were taken in a bid to avoid costly mistakes and recover economic growth, this...

In this overview we try to explain, first, why funds continued to flow towards emerging economies while fundamentals in host countries had been deteriorating before the Asian crisis (rising external deficit, with a significant liquid component appreciating exchange rates; low capital formation,...

Since the 1970s, Chile has exhibited a highly skewed income distribution accompanied with strong fluctuations over time. Although income distribution worsened notably in the 1970s-80s, a significant improvement was recorded in the first half of the 1990s, resulting from better economic and...