04269oam 2200673 450 991045840510332120210615180445.01-281-22329-897866112232980-226-15848-910.7208/9780226158488(CKB)1000000000398784(EBL)408551(OCoLC)437248249(SSID)ssj0000195182(PQKBManifestationID)11183420(PQKBTitleCode)TC0000195182(PQKBWorkID)10257661(PQKB)10846194(MiAaPQ)EBC408551(DE-B1597)524495(OCoLC)824143743(DE-B1597)9780226158488(Au-PeEL)EBL408551(CaPaEBR)ebr10216989(CaONFJC)MIL122329(EXLCZ)99100000000039878419910617d1991 uy 0engurcn#|||a|a||txtrdacontentcrdamediacrrdacarrierThe macroeconomics of populism in Latin America /edited by Rudiger Dornbusch and Sebastian EdwardsChicago :University of Chicago Press,1991.1 online resource (ix, 402 pages) illustrationsA National Bureau of Economic Research conference reportPapers of a conference held at the Interamerican Development Bank in May 1990.Print version: 0226158438 hardcover Print version: 0226158446 paperback Includes bibliographical references and indexes.Front matter --National Bureau of Economic Research --Contents --Preface --Introduction --1. The Macroeconomics of Populism --2. The Political Economy of Latin American Populism --3. Populism, Profligacy, and Redistribution --4. Description of a Populist Experience: Argentina, 1973-1976 --5. What Have Populists Learned from Hyperinflation? --6. Sixty Years of Populism in Brazil --7. The Socialist-Populist Chilean Experience, 1970-1973 --8. Populism and Economic Policy in Mexico, 1970-1982 --9. The Illusion of Pursuing Redistribution through Macropolicy: Peru's Heterodox Experience, 1985-1990 --10. Collapse and (Incomplete) Stabilization of the Nicaraguan Economy --11. On the Absence of Economic Populism in Colombia --Contributors --Name Index --Subject IndexAgain and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru-and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.Conference report (National Bureau of Economic Research)PopulismLatin AmericaCongressesLatin AmericaEconomic conditions1945-CongressesLatin AmericaEconomic policyCongressesPopulism339.5/098Dornbusch RudigerEdwards Sebastian1953-MiAaPQMiAaPQMiAaPQCaOWtUBOOK9910458405103321Macroeconomics of Populism in Latin America461481UNINA