The geography of the great moderation in Latin America

Carlos A. Carrasco, Xabier Gainza

Research output: Contribution to journalArticle

Abstract

© 2018, Universidad de Huelva. All rights reserved. Given the magnitude of the debt crisis in Latin America, several reforms and structural adjustment processes were introduced to stabilize national economies and reduce the business cycle fluctuations. Meanwhile, from the mid-eighties developed countries attained greater stability in inflation and economic growth within a period known as the “Great Moderation”. The aim of this paper is to outline the stabilization process of Latin America during the last three decades based on the graphical analysis of the main macroeconomic variables. Taking into account these variables has allowed us to approach the common causes of the stabilization process, as well as some of the differences that still remain.
Original languageEnglish
Pages (from-to)103-126
Number of pages24
JournalRevista de Economia Mundial
Publication statusPublished - 1 Jan 2015
Externally publishedYes

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All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • History
  • Transportation
  • Social Sciences (miscellaneous)
  • Economics and Econometrics
  • Political Science and International Relations

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