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WP/023 Macroeconomic Policies, Growth, Employment, and Inequality in Latin America

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. With regard to policy, the study examines the changes that took place in 1997-98, and then reviews the resulting new macroeconomic configuration that was established in 2002-03. This new configuration favoured the acceleration of output growth and employment creation, and contributed to reducing poverty rates.
Publisher:
UNU-WIDER
Series:
WIDER Working Paper
Volume:
2012/23
Title:
WP/023 Macroeconomic Policies, Growth, Employment, and Inequality in Latin America
Authors:
Mario Damill and Roberto Frenkel
Publication date:
February 2012
ISBN 13 Web:
978-92-9230-486-7
Copyright holder:
© UNU-WIDER
Copyright year:
2012
Keywords:
Latin American economies, macroeconomic policies, economic growth, employment, poverty rates, inequality
JEL:
E65, I32, N16, O54
Project:
The New Policy Model, Inequality and Poverty in Latin America: Evidence from the Last Decade and Prospects for the Future
Sponsor:
UNU-WIDER gratefully acknowledges the financial contributions to the research programme by the governments of Denmark (Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
Format:
online