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

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 sovereigndebt 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, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela-from the 1960s until now.

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