Report
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 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;
JEL Classification: E52; E63; H63; N16;
https://doi.org/10.21034/sr.607
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File(s): File format is application/pdf https://www.minneapolisfed.org/research/sr/sr607.pdf
Bibliographic Information
Provider: Federal Reserve Bank of Minneapolis
Part of Series: Staff Report
Publication Date: 2020-07-21
Number: 607