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MACROECONOMIC POPULISM IN LATIN AMERICA (By R. Dornbusch & S. Edwards)

Macroeconomic populism is an approach to economics that emphasizes growth and income distribution and deemphasizes the risks of inflation and deficit finance, external constraints and the reaction of economic agents to aggressive non-market policies.
The purpose of our paper is to show that policy experiences in different countries and periods share conunon features,from the initial conditions, the motivation for policies, the argument that the country's conditions are different, to the ultimate collapse.       

Para acceder al paper dar cilc aquí:    macroeconomic%20populism.pdf

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