The role of macroeconomic policies in periods of growth and deceleration in Latin America

Guido Zack

Revista de Economía Política de Buenos Aires, 2015, issue 14, 109-134

Abstract: After a period of high growth, Latin America has been decelerating since 2011. The countries that had shown the highest growth rates are those who led the deceleration process. This article analyzes the relationship between pubic policies and macroeconomic performance of the seven major Latin American economies. It is really hard to find the correct cyclical pattern of the macroeconomic policies in the region, where a slow growth pace and urgent social needs coexist with a high volatility and recurring balance of payments crisis. In any case, at the aim of reaching a productive transformation process, a stable macro situation must be complemented with more specific microeconomic policies.

Keywords: deceleration; public policies; cyclicality; Latin America (search for similar items in EconPapers)
JEL-codes: E32 E52 E62 E63 (search for similar items in EconPapers)
Date: 2015
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