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Project

Monetary and Fiscal History of Latin America Project

The Monetary and Fiscal History of Latin America Project launched in 2013 to examine the impact of past aggregate monetary and fiscal policies in the 11 largest Latin American countries since 1960.

Faculty Directors

Lars Peter Hansen, Juan Pablo Nicolini, Thomas J. Sargent, Timothy J. Kehoe, Fernando Alvarez

Latin American economies have endured a wide variety of experiences in terms of the design, the implementation and the consequences of monetary and fiscal policies. While many country-specific narratives exist, this research project is assembling comprehensive historical time series for eleven countries to provide more complete and comprehensive accounts for each country and to facilitate cross-country comparisons. This project, as part of the MFR Program, has engaged scholars and experienced policy makers to provide accurate assessments for each country’s fiscal history. The lessons gleaned from analyzing these historical data will offer valuable guidance for policy makers, international financial institutions, and the academic community. In 2020, the MFR Program launched a manifold version (e-book) of this entire volume.

 

 

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Content

  • About

Topics

  • Definition

    Monetary Policy

    Actions by a central bank, currency board, or other regulatory authority of a country that influence the amount of money and credit in an economy, generally undertaken to manage inflation, encourage economic growth, and stimulate employment

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Associated Scholars

Scholars / UChicago Scholar

Fernando Alvarez

Charles F. Grey Distinguished Service Professor, the Kenneth C. Griffin Department of Economics
Scholars / UChicago Scholar

Lars Peter Hansen

The David Rockefeller Distinguished Service Professor in Economics and Statistics, the Kenneth C. Griffin Department of Economics and the Booth School of Business; Director of BFI's Macro Finance Research Program
Scholars /

Timothy J. Kehoe

Distinguished McKnight University Professor of Economics, University of Minnesota
Scholars /

Juan Pablo Nicolini

Senior Research Economist, Federal Reserve Bank of Minneapolis
Scholars / Distinguished Research Fellow

Thomas J. Sargent

William R. Berkley Professor of Economics and Business, New York University, Stern School of Business

Associated Working Papers

BFI Working Paper • Mar 13, 2019

Lessons from the Monetary and Fiscal History of Latin America

Carlos Esquivel, Timothy J. Kehoe, Juan Pablo Nicolini
Topics:  Monetary Policy
View Working Paper
BFI Working Paper • Mar 13, 2019

A Framework for Studying the Monetary and Fiscal History of Latin America, 1960-2017

Timothy J. Kehoe, Juan Pablo Nicolini, Thomas J. Sargent
Topics:  Monetary Policy
View Working Paper
BFI Working Paper • Jan 1, 2019

The Monetary and Fiscal History of Argentina, 1960–2017

Francisco Buera, Juan Pablo Nicolini
Topics:  Uncategorized
View Working Paper
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Associated Insights

Insights / Video

2018 Macro Financial Modeling (MFM) Summer Session For Young Scholars

On June 17- 21, the Becker Friedman Institute at the University of Chicago (BFI) and...
Insights / Video

The Monetary and Fiscal History of Latin America: Spotlight on Chile with Jose De Gregorio

Jose De Gregorio, Former Governor of the Central Bank of Chile and Professor of Economics,...
Insights / Video

The Monetary and Fiscal History of Latin America: Spotlight on Mexico with Felipe Meza

Felipe Meza, of Centro de Investigacion Economica, Instituto Tecnologico Autonomo de Mexico, and a speaker...
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Associated News

BFI News • Feb 6, 2018

Spotlight: The Monetary and Fiscal History of Latin America

The Becker Friedman Institute initiated sponsorship of a major project starting in 2014, “The Monetary and Fiscal History of Latin America,” to investigate the complicated economic histories of 11...

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