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The Macroeconomics of Populism in Latin America : National Bureau of Economic Research Conference Report - Rudiger Dornbusch

The Macroeconomics of Populism in Latin America

National Bureau of Economic Research Conference Report

By: Rudiger Dornbusch (Editor), Sebastian Edwards (Editor)

Paperback

Published: 1st January 1991
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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.

Preface
Introduction
The Framework
The Macroeconomics of Populism
The Political Economy of Latin American Populism
Comment
Comment
Populism, Profligacy, and Redistribution
Comment
Country Experiences
Description of a Populist Experience: Argentina, 1973-1976
Comment
What Have Populists Learned from Hyperinflation
Comment
Sixty Years of Populism in Brazil
The Socialist-Populist Chilean Experience: 1970-1973
Comment
Populism and Economic Policy in Mexico, 1970-1982
Comment
The Illusion of Pursuing Redistribution through Macropolicy: Peru's Heterodox Experience, 1985-1990
Comment
Comment
Collapse and (Incomplete) Stabilization of the Nicaraguan Economy
Comment
Comment
On the Absence of Economic Populism in Colombia
Comment
Comment
Contributors
Name Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780226158440
ISBN-10: 0226158446
Series: National Bureau of Economic Research Conference Report
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 411
Published: 1st January 1991
Publisher: The University of Chicago Press
Country of Publication: US
Dimensions (cm): 23.0 x 15.5  x 3.05
Weight (kg): 0.62
Edition Number: 2