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The Macroeconomics of Populism in Latin America

The Macroeconomics of Populism in Latin America
Author: Rudiger Dornbusch
Publisher: University of Chicago Press
Total Pages: 416
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226158489

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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 experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.


Geography and Trade

Geography and Trade
Author: Paul Krugman
Publisher: MIT Press
Total Pages: 160
Release: 1992-11-13
Genre: Business & Economics
ISBN: 9780262610865

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"I have spent my whole professional life as an international economist thinking and writing about economic geography, without being aware of it," begins Paul Krugman in the readable and anecdotal style that has become a hallmark of his writings. Krugman observes that his own shortcomings in ignoring economic geography have been shared by many professional economists, primarily because of the lack of explanatory models. In Geography and Trade he provides a stimulating synthesis of ideas in the literature and describes new models for implementing a study of economic geography that could change the nature of the field. Economic theory usually assumes away distance. Krugman argues that it is time to put it back - that the location of production in space is a key issue both within and between nations.


Institutions, Institutional Change and Economic Performance

Institutions, Institutional Change and Economic Performance
Author: Douglass C. North
Publisher: Cambridge University Press
Total Pages: 164
Release: 1990-10-26
Genre: Political Science
ISBN: 9780521397346

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An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.


Democracy and the Market

Democracy and the Market
Author: Adam Przeworski
Publisher: Cambridge University Press
Total Pages: 230
Release: 1991-07-26
Genre: Business & Economics
ISBN: 9780521423359

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The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?


The Romanian Economic Reform Program

The Romanian Economic Reform Program
Author: Mr.Dimitri G. Demekas
Publisher: International Monetary Fund
Total Pages: 56
Release: 1991-08-01
Genre: Business & Economics
ISBN: 1451850247

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With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.


Economics, 1991

Economics, 1991
Author: Eleanor C. Goldstein
Publisher: Sirs
Total Pages:
Release: 1991-01-01
Genre:
ISBN: 9780897778510

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A Course in Econometrics

A Course in Econometrics
Author: Arthur Stanley Goldberger
Publisher: Harvard University Press
Total Pages: 430
Release: 1991
Genre: Business & Economics
ISBN: 9780674175440

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This text prepares first-year graduate students and advanced undergraduates for empirical research in economics, and also equips them for specialization in econometric theory, business, and sociology. A Course in Econometrics is likely to be the text most thoroughly attuned to the needs of your students. Derived from the course taught by Arthur S. Goldberger at the University of Wisconsin-Madison and at Stanford University, it is specifically designed for use over two semesters, offers students the most thorough grounding in introductory statistical inference, and offers a substantial amount of interpretive material. The text brims with insights, strikes a balance between rigor and intuition, and provokes students to form their own critical opinions. A Course in Econometrics thoroughly covers the fundamentals--classical regression and simultaneous equations--and offers clear and logical explorations of asymptotic theory and nonlinear regression. To accommodate students with various levels of preparation, the text opens with a thorough review of statistical concepts and methods, then proceeds to the regression model and its variants. Bold subheadings introduce and highlight key concepts throughout each chapter. Each chapter concludes with a set of exercises specifically designed to reinforce and extend the material covered. Many of the exercises include real microdata analyses, and all are ideally suited to use as homework and test questions.


An Economic History of the U.S.S.R.

An Economic History of the U.S.S.R.
Author: Alec Nove
Publisher: IICA
Total Pages: 420
Release: 1969
Genre: Soviet Union
ISBN:

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Study in historical perspective of developments in economic policy in the USSR - covers economic structures and economic administration prior to and during the 1st world war, the position during the 50 years of the communist regime, political leadership of the country, the collective economy, industrialization, political problems, economic growth, etc. Bibliography pp. 389 to 391, and statistical tables.


NBER Macroeconomics Annual 1991

NBER Macroeconomics Annual 1991
Author: Olivier Blanchard
Publisher: MIT Press
Total Pages: 392
Release: 1991
Genre: Business & Economics
ISBN: 9780262521659

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This is the sixth in a series of annuals from the National Bureau of EconomicResearch that are designed to stimulate research on problems in applied economics, to bring frontiertheoretical developments to a wider audience, and to accelerate the interaction between analyticaland empirical research in macroeconomics.Olivier Blanchard and Stanley Fischer are both Professorsof Economics at MIT.Contents: Pitfalls and Opportunities: What Macroeconomists Should Know aboutUnit Roots, John Y. Campbell and Pierre Perron. Markups and the Business Cycle, Julio Rotemberg andMichael Woodford. Privatization in Eastern Europe: Incentives and the Economics of Transition, JeanTirole. The EMS, the EMU, and the Transition to a Common Currency, Kenneth A. Froot and Kenneth S.Rogoff. Growth, Macroeconomics, and Development, Stanley S. Fischer. Recessions as Reorganizations,Robert E. Hall.


Economic Sciences, 1991-1995

Economic Sciences, 1991-1995
Author: Torsten Persson
Publisher: World Scientific
Total Pages: 284
Release: 1997
Genre: Business & Economics
ISBN: 9789810230609

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Below is a list of the prizewinners during the period 1991 ? 1995 with a description of the works which won them their prizes: (1991) R H COASE ? for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy; (1992) G S BECKER ? for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour; (1993) R W FOGEL & D C NORTH ? for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change; (1994) J C HARSANYI, J F NASH & R SELTEN ? for their pioneering analysis of equilibria in the theory of non-cooperative games; (1995) R E LUCAS ? for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.