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

Timothy Kehoe, Juan Pablo Nicolini and Thomas Sargent
Authors registered in the RePEc Author Service: Patrick J. Kehoe and Arturo José Galindo

No 607, Staff Report from Federal Reserve Bank of Minneapolis

Abstract: We develop a conceptual framework for analyzing the interactions between aggregate fiscal policy and monetary policy. The framework draws on existing models that analyze sovereign debt crises and balance-of-payments crises. We intend this framework as a guide for analyzing the monetary and fiscal history of a set of eleven major Latin American countries—Argentina, Brazil, Bolivia, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela—from the 1960s until now.

Keywords: Debt crisis; Monetary policy; Off-budget transfers; Banking crisis; Fiscal policy (search for similar items in EconPapers)
JEL-codes: E52 E63 H63 N16 (search for similar items in EconPapers)
Pages: 34
Date: 2020-07-21
New Economics Papers: this item is included in nep-cba, nep-his, nep-lam and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmsr:88445

DOI: 10.21034/sr.607

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