El objetivo principal de este trabajo es analizar la sensibilidad de las cuentas públicas argentinas en los años noventa respecto a las fluctuaciones del nivel de actividad y otros factores macroeconómicos, y evaluar la sostenibilidad financiera fiscal en el mediano plazo. Se construye para...

El objetivo principal de este trabajo es analizar la sensibilidad de las cuentas públicas argentinas en los años noventa respecto a las fluctuaciones del nivel de actividad y otros factores macroeconómicos, y evaluar la sostenibilidad financiera fiscal en el mediano plazo. Se construye para...

This paper examines the macroeconomic policies and outcomes experienced by the Latin American economies during the period 1990-2010. Macroeconomic policies refer to exchange rates, monetary and aggregate fiscal policies, while macroeconomic outcomes, on the other hand, refer to the patterns of...

In this paper we provide a reviewt of the evolution of Argentinean foreign debt in the long run and the macroeconomic policies that contributed to its emergence. In particular, we focus on what exactly happened in the nineties in Argentina. We analyze the evolution of the public sector’s...

The processes that led to the default and restructuring of the Argentinean debt constitute the main focus of the paper. The evolution of the foreign debt in the long run is examined as well as the macroeconomic performance before and after the crisis. The restructuring proposal and the...

The first part of the article presents a comparative analysis of the macroeconomic behavior of some of the Eurozone economies (Greece, Ireland, Portugal, Spain and Italy: GIPSI countries) with that of a set of emerging market economies that experienced financial crises in the period of financial...

The currency board (Convertibility) collapsed between December 2001 and January 2002, after almost 11 years in force. The trends leading to the meltdown continued in the following months, plunging half of the population into poverty and one third into extreme poverty. Only six months later, the...

Beyond Reforms presents the contributions of some United Nations Economic Commission for Latin America and the Caribbean (ECLAC) analysts as well as research articles prepared for the Commission. It reviews long-term growth and development patterns and focuses on macroeconomic vulnerability and...

A fully opened capital account, a pure floating exchange rate, and inflation-targeting monetary policy is the macroeconomic setting currently recommended in Latin America by the International Monetary Fund and the orthodoxy. In this paper, we present an alternative macroeconomic regime proposal...