This paper estimates the macroeconomic effects of structural reforms in Latin America and the Caribbean (LAC) using the dataset constructed by Alesina and others (2020). We find that large changes in the reform index have positive effects on GDP and employment that reach 2 percent after 5 years....

This paper updates ECLAC's indexes of structural reform in five areas: trade reform, financial liberalization, tax reform, liberalization of external capital transactions and privatization. 17 Latin American countries are covered for the period 1970-2000. The resulting indexes facilitate...

With the global economy gaining some momentum, economies of Latin America and the Caribbean are recovering from a recession at the regional level in 2016. This gradual improvement can be understood as tale of two adjustments, external and fiscal, that are ongoing in response to earlier shocks....