Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

The Fiscal and Monetary History of Latin America 2015-2016

Case Studies

August 18, 2015–August 31, 2016

(All day)

Latin America
Organizers
Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis, Universidad di Tella
Timothy J. Kehoe, University of Minnesota, Federal Reserve Bank of Minneapolis
Thomas J. Sargent, New York University
This series of workshops advances the work of a comprehensive comparative study of the fiscal histories of eleven Latin American countries. A team of economists in each of the countries will produce a monetary and fiscal history of each country from 1960 to the present. Viewing country specific data as “case studies,” the researchers will test two central hypotheses: first, that bad fiscal and monetary policies led to macroeconomic instability, and second, that macroeconomic instability was responsible for low growth and poor economic performance in this region.
 
Workshops were hosted in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, Venezuela.

About the Project

Since the 1970s, the region suffered economic stagnation and decline while most other nations enjoyed steady growth. To understand why, this project examines the impact of past aggregate fiscal and monetary policies on the region's poor growth performance. Teams of economists are analyzing economic data from the nine largest economies in the region, meeting periodically to review findings. The project will result in published histories that will offer lessons for future fiscal policy. The project began in July 2013 as part of the Becker Friedman Institute's fiscal studies initative.

Other Fiscal and Monetary History of Latin America Project Events

The Becker Friedman Institute gratefully acknowledges support for this initiative provided by Donald R. Wilson Jr., AB’88, Edward R. Allen, PhD’92, and Claudio Haddad, PhD'73.

 

August 18, 2015 (All day) August 31, 2016 (All day)
Initiatives