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Chile
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Public Finance, Trade, and Development
Restructuring the public sector and eradicating chronic public sector deficits helped Chile lay the basis for microeconomic reforms that removed distortions and put Chile in a sustainable growth path. But macroeconomic policy errors of the late 1970s delayed the growth effects of these reforms.
Chile's Experience with Stabilization, Revisited
The cost of stabilization in chronic- inflation countries is high, whether it is paid up front (with fiscal shock) or delayed (in exchange- rate- based stabilization). And eliminating the fiscal deficit is a necessary but not a sufficient condition for controlling inflation. The breaking of inertia calls for a coordination device in the transition toward price stability.
Growth Opportinities for Chile
This volume presents 11 papers written by renowned, national and international scholars that add substantially to the body of empirical research and policy lessons on how to raise economic growth and prosperity in Chile. This book presents a large body of new empirical evidence on the effects of the low quality of education on growth, productivity, the adoption and innovation of new technologies and it also suggests policies to enhance quality and equity at all levels of the educational system. New findings about the effects of the successive energy price hikes on growth and productivity are the foundation to discuss policies reducing the price of energy to boost growth. Other research discu...
Latin American Macroeconomic Reforms
Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to macroeconomic reforms, and this book brings together prominent economists and policymakers to assess a decade of such policy shifts, highlighting both the many success stories and the areas in which further work is needed. Contributors offer both case studies of individual countries and regional overviews, covering monetary, financial, and fiscal policy. Contributors also work to identify future concern...
Report on Adjustment Lending II
The countries of Eastern Europe have much to gain from stabilizing their economies and integrating them with the world economy. They should make trade reforms a high priority. Policymakers there should look at the recent economic history of other nations for lessons.
