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Macroeconomic Policies, Growth, Employment, and Inequality in Latin America

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Author Info

  • Damill, Mario
  • Frenkel, Roberto

Abstract

This paper examines the macroeconomic policies and outcomes experienced by the Latin American economies during the period 1990-2010. Macroeconomic policies refer to exchange rates, monetary and aggregate fiscal policies, while macroeconomic outcomes, on the other hand, refer to the patterns of growth, inflation, employment, investment, balance of payments, and the evolution of external and public debts and international reserves. The analysis includes a discussion of the effects of macroeconomic outcomes on poverty rates. With regard to policy, the study examines the changes that took place in 1997-98, and then reviews the resulting new macroeconomic configuration that was established in 2002-03. This new configuration favoured the acceleration of output growth and employment creation, and contributed to reducing poverty rates.

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File URL: http://www.wider.unu.edu/stc/repec/pdfs/wp2012/wp2012-023.pdf
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Bibliographic Info

Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Papers with number UNU-WIDER Research Paper WP2012/23.

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Length: 35
Date of creation: 2012
Date of revision:
Handle: RePEc:unu:wpaper:wp2012-23

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Related research

Keywords: Latin American economies; macroeconomic policies; economic growth; employment; poverty rates; inequality;

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References

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  1. Kaminsky, Graciela & Lizondo, Saul & Reinhart, Carmen M., 1997. "Leading indicators of currency crises," Policy Research Working Paper Series 1852, The World Bank.
  2. Roberto Frenkel & Martin Rapetti, 2010. "A Concise History of Exchange Rate Regimes in Latin America," UMASS Amherst Economics Working Papers 2010-01, University of Massachusetts Amherst, Department of Economics.
  3. Frenkel, Roberto & Ros, Jaime, 2006. "Unemployment and the real exchange rate in Latin America," World Development, Elsevier, vol. 34(4), pages 631-646, April.
  4. Roberto Frenkel & Martin Rapetti, 2009. "A developing country view of the current global crisis: what should not be forgotten and what should be done," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 685-702, July.
  5. Martin Rapetti, 2011. "Macroeconomic Policy Coordination in a Competitive Real Exchange Rate Strategy for Development," UMASS Amherst Economics Working Papers 2011-09, University of Massachusetts Amherst, Department of Economics.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Macroeconomic Policies, Growth, Employment, and Inequality in Latin America
    by Maximo Rossi in Wikiprogress América Latina on 2012-04-19 19:20:00
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Cited by:
  1. Carlos Villalobos Barría, 2012. "Sectorial shifts and Inequality. How to relate macroeconomic events to inequality changes," Ibero America Institute for Econ. Research (IAI) Discussion Papers 219, Ibero-America Institute for Economic Research.
  2. Seguino, Stephanie & Braunstein, Elissa, 2012. "The impact of economic policy and structural change on gender employment inequality in Latin America, 1990-2010," MPRA Paper 43261, University Library of Munich, Germany.

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