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Project

The Monetary and Fiscal History of Latin America

The goal of this project is to better understand the causes of economic stagnation and decline in Latin America.

The Monetary and Fiscal History of Latin America Project was launched in 2013 to analyze economic data from the largest Latin America economies, to produce a comprehensive monetary and fiscal history of the region. The papers use a common conceptual framework and a comparable data set to narrate the economic histories of 11 Latin American countries since 1960. The authors are country experts who participated in numerous meetings over five years to discuss and receive feedback on their findings.

The project was organized and managed by the University of Chicago’s Fernando Alvarez and Lars Peter Hansen, the University of Minnesota’s Timothy Kehoe, the Minneapolis Federal Reserve Bank’s Juan Pablo Nicolini, and New York University’s Thomas Sargent, also a Senior Fellow with UChicago’s Kenneth C. Griffin Department of Economics. These distinguished scholars have summarized key findings from the collective country case studies to highlight the impacts of specific policy options. The findings of this project offer lessons for future policy in Latin America and other regions of the world. Along with the scholarship represented in this book, the featured  economists in this project worked with BFI to create a dynamic database for the eleven Latin American countries under review (https://mafhola.uchicago.edu/), which will inform and inspire scholarship for years to come.

 

 

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Content

  • About

Topics

  • Definition

    Fiscal Studies

    Assesses the costs and benefits of fiscal policy, which is the application of government spending and tax policies to influence the economy

  • Definition

    Monetary Policy

    Actions by a central bank, currency board, or other regulatory authority of a country that influence the amount of money and credit in an economy, generally undertaken to manage inflation, encourage economic growth, and stimulate employment

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Associated Scholars

Scholars / UChicago Scholar

Fernando Alvarez

Charles F. Grey Distinguished Service Professor, the Kenneth C. Griffin Department of Economics
Scholars / UChicago Scholar

Lars Peter Hansen

The David Rockefeller Distinguished Service Professor in Economics and Statistics, the Kenneth C. Griffin Department of Economics and the Booth School of Business; Director of BFI's Macro Finance Research Program
Scholars /

Juan Pablo Nicolini

Senior Research Economist, Federal Reserve Bank of Minneapolis
Scholars / Distinguished Research Fellow

Thomas J. Sargent

William R. Berkley Professor of Economics and Business, New York University, Stern School of Business

Other Research at BFI

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