Author: James A. HansonPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 62
Book Description
The Short-run Relation Between Growth and Inflation in Latin America
Author: James A. HansonPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 62
Book Description
The Short-run Relation Between Inflation and Growth in Latin America
Author: Sebastian EdwardsPublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 15
Book Description
This paper investigates the relationship between monetary policy and growth in five Latin American countries (Brazil, Chile, Colombia, Mexico and Peru).The analysis focuses on the effects of expected and unexpected monetary growth on output, and explicitly incorporates the relationship between fiscal deficits and money creation in these countries. Open economy considerations are explicitly introduced into the analysis.Contrary to previous findings (Hanson, 1980), the results obtained in this paper indicate that these countries exhibit very different behavior with respect to the relationship between unexpected money and growth: While for Chile and Brazil no evidence was found of a positive relation between monetary policy (expected or unexpected) and growth, for Colombia, Mexico and Peru a positive relationship was found between unexpected monetary policy and growth
The Effects of Inflationon Economic Growth
Author: Mr.Jose De GregorioPublisher: International Monetary Fund
ISBN: 1451950306
Category : Business & Economics
Languages : en
Pages : 15
Book Description
This paper investigates the relationship between inflation and long-run growth. It presents an endogenous growth model that illustrates the channels through which inflation affects growth. The model highlights the effects of inflation on the productivity of capital and the rate of capital accumulation. The reduction in growth is caused by a diversion of resources away from activities that lead to faster rates of growth toward activities associated with reducing the costs of inflation. The negative association between inflation and growth is assessed empirically for a sample group of Latin American countries.
The Effects of Inflation on Economic Growth
Author: Jose De GregorioPublisher:
ISBN:
Category : Economic development
Languages : en
Pages : 20
Book Description
Economic Policy and Stabilization in Latin America
Author: Nader NazmiPublisher: Routledge
ISBN: 1315286238
Category : Political Science
Languages : en
Pages : 217
Book Description
A detailed analysis of economic policy in Latin America with particular attention devoted to the problem of controlling inflation and stabilization. Contents include an analysis of economic policies of the 1990s; country case studies of Brazil, Chile, Mexico, Argentina, and Bolivia; a thorough review of competing paradigms; a comparison of monitarist and structuralist approaches to the problem; mathematical and statistical modeling.
The Relation Between Growth and Inflation in Latin America
Author: Sebastian EdwardsEconomic Growth in Latin America
Author: Mr.Jose De GregorioPublisher: International Monetary Fund
ISBN: 1451959753
Category : Business & Economics
Languages : en
Pages : 57
Book Description
This paper studies growth determinants in 12 Latin American countries during the period 1950-85. In a simple growth accounting framework, the share of labor in income is found to be lower in the sample group than in developed countries, while factor productivity growth accounts for a larger proportion of growth in the fastest growing countries in the sample. Using panel data, macroeconomic stability is found to play, in addition to investment (physical and human), a crucial role in growth. To a lesser extent, growth is negatively correlated with government consumption and political instability. The terms of trade appear to have no significant effect on growth.
Economic Growth in Latin America in the Late 20th Century
Author: Andrés SolimanoPublisher: UN
ISBN:
Category : Political Science
Languages : en
Pages : 48
Book Description
The purpose of this paper is to advance our understanding of the growth patterns of the Latin American economy in the final decades of the 20th century. The paper focuses on the analysis of medium-to-long run growth, as opposed to the standard discussion of the determinants of high frequency fluctuations (business cycles), and disentangles the contribution of factor accumulation and total factor productivity. It also aims to understand the spells of prosperity and stagnation in several important economies of the region, as well as identify stories of growth decline and divergence in recent decades.
Inflation and Growth in Latin America
Author: Werner BaerPublisher: Homewood, Ill. : R.D. Irwin
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 572
Book Description
Prepared papers and comments presented at the Conference on Inflation and Economic Growth held in Rio de Janeiro from Jan. 3-11, 1963. Summaries of discussions in panel sessions are also included.
Long Run Economic Development in Latin America in a Comparative Perspective
Author: André A. HofmanPublisher: United Nations Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 48
Book Description
This paper describes trends in economic growth and it's causes in several Latin American countries in the 20th century. This paper stresses that the proximate causes of economic growth are not independent of the ultimate causes of growth. Proximate causes of economic growth are those areas of causality where models and quantification is possible. Ultimate causes of economic growth are much more difficult to quantify. The paper concludes with a description of some of the most important characteristics of economic development in the region.