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

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  • Mario Damill
  • Roberto Frenkel

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.

Suggested Citation

  • Mario Damill & Roberto Frenkel, 2012. "Macroeconomic Policies, Growth, Employment, and Inequality in Latin America," WIDER Working Paper Series wp-2012-023, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2012-023
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2012-023.pdf
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    References listed on IDEAS

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    1. Peter Bofinger & Timo Wollmershäuser, 2003. "Managed Floating as a Monetary Policy Strategy," Economic Change and Restructuring, Springer, vol. 36(2), pages 81-109, June.
    2. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
    3. Roberto Frankel & Martín Rapetti, 2010. "A Concise History of Exchange Rate Regimes in Latin America," CEPR Reports and Issue Briefs 2010-11, Center for Economic and Policy Research (CEPR).
    4. Frenkel, Roberto & Ros, Jaime, 2006. "Unemployment and the real exchange rate in Latin America," World Development, Elsevier, vol. 34(4), pages 631-646, April.
    5. Roberto FRENKEL, 2004. "Real exchange rate and employment in Argentina, Brazil, Chile and Mexico," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 19(223), pages 29-52.
    6. Frenkel, Roberto, 2008. "The competitive real exchange-rate regime, inflation and monetary policy," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    7. Frenkel, Roberto, 2012. "Lecciones de politica macroeconómica para el desarrollo, a la luz de la experiencia del pasado decenio," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(313), pages 5-49, enero-mar.
    8. 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, Cambridge Political Economy Society, vol. 33(4), pages 685-702, July.
    9. John Williamson, 2000. "Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa60, April.
    10. José Antonio Ocampo, 2009. "Latin America and the global financial crisis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 703-724, July.
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    Citations

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    Cited by:

    1. Frenkel, Roberto & Rapetti, Martin, 2014. "The real exchange rate as a target of macroeconomic policy," MPRA Paper 59335, University Library of Munich, Germany.
    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.
    3. Luis Beccaria & Roxana Maurizio, 2015. "Macroeconomic regime and labor market. The Argentine experience of the past two decades [Macroeconomic regime and labor market. The Argentine experience of the past two decades]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 25(spe), pages 863-890, December.
    4. 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.

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    Keywords

    Economic development; Equality and inequality; Macroeconomics; Poverty; Unemployment;
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