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We investigate the relation between the quality of institutions and macroeconomic volatility. Using instrumental variable regressions, we show that higher barriers to entry lead to higher volatility. In particular, a one standard deviation increase in entry costs increases the standard deviation...
Persistent link: https://www.econbiz.de/10014216941
otherwise better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile …
Persistent link: https://www.econbiz.de/10014153318
After decades of trial, error, and occasional regress, the pieces of a successful Latin American economic model can be seen scattered among the leading economies of the region. The most traditional macroeconomic maladies of the emerging world, such as chronic fiscal imbalances and monetary...
Persistent link: https://www.econbiz.de/10013126458
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better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …
Persistent link: https://www.econbiz.de/10013324598
In this chapter, we review the monetary and fiscal history of Argentina for the period 1960–2017, a time during which … from its currency. We argue that all these events are the symptom of a recurrent problem: Argentina's unsuccessful attempts … to tame the fiscal deficit. An implication of our analysis is that the future economic evolution of Argentina depends …
Persistent link: https://www.econbiz.de/10012891419
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