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Macroeconomic Policy Lessons from LDC's

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Abstract

This paper focuses on several topics related to macroeconomic policies in LDC's. The selection is biased towards those cases I have dealt with during my last 20 years of professional experience, home based in Argentina. Inflation, dollarization, quasi-fiscal deficits, capital controls and stabilization policies are old friends of Latin-Americans. Currency Boards, Common Markets, Lender of Last Resort and Country Risk are newer concepts that have taken special relevance in the 90's, the decade of globalization.

Suggested Citation

  • Carlos Alfredo Rodríguez, 2000. "Macroeconomic Policy Lessons from LDC's," Journal of Applied Economics, Universidad del CEMA, vol. 3, pages 169-216, May.
  • Handle: RePEc:cem:jaecon:v:3:y:2000:n:1:p:169-216
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    File URL: http://www.cema.edu.ar/publicaciones/download/volume3/rodriguez.pdf
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    References listed on IDEAS

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    1. Machin, Stephen J & Wadhwani, Sushil, 1991. "The Effects of Unions on Organisational Change and Employment," Economic Journal, Royal Economic Society, vol. 101(407), pages 835-854, July.
    2. Kevin Denny, 1997. "Productivity and trade unions in British manufacturing industry 1973-85," Applied Economics, Taylor & Francis Journals, vol. 29(10), pages 1403-1409.
    3. Harminder Battu & Clive R. Belfield & Peter J. Sloane, 2003. "Human Capital Spillovers within the Workplace: Evidence for Great Britain," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(5), pages 575-594, December.
    4. Machin, Stephen & Wadhwani, Sushil, 1991. "The Effects of Unions of Investment and Innovation: Evidence from WIRS," Economic Journal, Royal Economic Society, vol. 101(405), pages 324-330, March.
    5. Nickell, Stephen & Wadhwani, Sushil & Wall, Martin, 1992. "Productivity growth in U.K. companies, 1975-1986," European Economic Review, Elsevier, vol. 36(5), pages 1055-1085, June.
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    Cited by:

    1. Jorge M.Streb, 2001. "Political uncertainty and economic underdevelopment," Estudios de Economia, University of Chile, Department of Economics, vol. 28(1 Year 20), pages 89-114, June.

    More about this item

    Keywords

    macroeconomics; structural change; Currency Board; country risk;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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