[PDF.13gq] The Macroeconomics of Populism in Latin America (National Bureau of Economic Research Conference Report)
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The Macroeconomics of Populism in Latin America (National Bureau of Economic Research Conference Report)
From University of Chicago Press
[PDF.fr46] The Macroeconomics of Populism in Latin America (National Bureau of Economic Research Conference Report)
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| #1459189 in eBooks | 2007-12-01 | 2007-12-01 | File type: PDF||About the Author|
Rudiger Dornbusch is the Ford International Professor of Economics at the Massachusetts Institute of Technology. Sebastian Edwards is the Henry Ford II Professor of Business Economics, University of California at Los Angeles.
Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experi...
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