Economic and Institutional Consequences of Populism

Antonio Spilimbergo and Nicolas Magud

No 15824, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We analyze the institutional and economic consequences of populism in Latin America in the last 50 years. Populist regimes weaken institutions and macroeconomic (fiscal, monetary, and external) indicators, resulting in crises and worse income distribution. The duration of populist regimes depends on favorable external conditions. In particular, the commodity super-cycle of the 2000s and easy financing conditions allowed populists to stay in power longer than in past episodes.

Keywords: Political economy; Populism; Latin america; Institutions; Commodity supercycle (search for similar items in EconPapers)
JEL-codes: E0 (search for similar items in EconPapers)
Date: 2021-02
New Economics Papers: this item is included in nep-cwa, nep-his, nep-mac and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://cepr.org/publications/DP15824 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:15824

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP15824

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().