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The role of macroeconomic policies in periods of growth and deceleration in Latin America

Author

Listed:
  • Zack, Guido

    (Universidad de Buenos Aires, Instituto Interdisciplinario de Economía Política de Buenos Aires (IIEP- BAIRES).)

Abstract

After a period of high growth, Latin America has been decelerating since 2011. The countries that had shown the highest growth rates are those who led the deceleration process. This article analyzes the relationship between pubic policies and macroeconomic performance of the seven major Latin American economies. It is really hard to find the correct cyclical pattern of the macroeconomic policies in the region, where a slow growth pace and urgent social needs coexist with a high volatility and recurring balance of payments crisis. In any case, at the aim of reaching a productive transformation process, a stable macro situation must be complemented with more specific microeconomic policies.

Suggested Citation

  • Zack, Guido, 2015. "The role of macroeconomic policies in periods of growth and deceleration in Latin America," Revista de Economía Política de Buenos Aires, Universidad de Buenos Aires. Facultad de Ciencias Económicas., issue 14, pages 109-134, December.
    • Handle: RePEc:ake:repba1:y:2015:i:14:p:109-134
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    More about this item

    Keywords

    deceleration; public policies; cyclicality; Latin America;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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