Examining the Interplay of Monetary and Fiscal Policies in Latin America

A project examining the interaction of monetary and fiscal policies in Latin America deepens our understanding of the region

Latin American countries have wide-ranging experiences with economic policies and macroeconomic outcomes. The social and economic consequences have at times been adverse and dramatic. The Monetary and Fiscal History of Latin America project has produced systematic evidence using comparable datasets from these varied historical experiences to help build a knowledge base for the analysis of impacts […]

Banks and the Global Financial Crisis 10 Years On: Lessons from Latin America and the Caribbean

Ten years after the fall of Lehman Brothers, Latin America and the Caribbean have lessons to offer on surviving a global financial crisis

On Sept. 15 2008, Lehman Brothers filed for bankruptcy heralding the most serious financial crisis since the Great Depression. A couple of years after, I was at a conference and a senior (European) official gave a presentation entitled The Global Financial Crisis, Lessons for Latin America. I asked whether there was a typo. Shouldn’t that be […]

To Boost Education, Latin America Needs to Spend More Efficiently

If it is to boost education to the standards of the OECD, Latin America and the Caribbean needs to spend more efficiently

Over the last two decades, Latin America and the Caribbean has made huge efforts to improve education. Investment in the sector has grown from 3.6% to 5.3% of GDP; the percentage of adolescents who finish primary school has reached well over 90%, and results on PISA, the international exam that measures core competencies in mathematics, […]

Tackling Soaring Drug Prices in Latin America and the Caribbean

With more use of generics, Latin America and the Caribbean could better tackle soaring drug prices

Faced with soaring drug prices, officials in the United States are taking on the pharmaceutical companies, desperate to stop the hemorrhage of up to thousands of dollars a month in family income towards prescription drugs. Individual states in just the last year have passed 37 drug laws, conscious that current trends are unsustainable. But the United […]

How Can Crowdsourcing Help Latin America in the Digital Age?

Latin America increasingly uses crowdsourcing to solve social problems in the digital age

Suppose you are a government facing various social crises. Traditionally, you might send out teams of government researchers, create government-led commissions, and hire consultancies. You might host public hearings.  But you wouldn’t bring your problems to the internet “crowd.” Over the last 10-15 years, however, governments and non-governmental organizations in both the developed and developing […]

How Vulnerable Are Latin American and Caribbean Economies to a Sudden Stop in Capital Flows?

Latin America and the Caribbean remain vulnerable to a sudden stop in capital flows

As the U.S. economy continues to grow and the labor market tightens, there is an increasing likelihood that the Federal Reserve will raise interest rates. The consequences will reverberate in Latin America and the Caribbean. Our research suggests there are reasons for concern, but also ways countries can offset the risks. It is key that countries […]

Boosting Efficiency En Route to Universal Health Coverage

By boosting efficiency in health spending, Latin America could significantly increase its health coverage

Latin America and the Caribbean has made real progress in expanding health services to its citizens over the last two decades, boosting spending, increasing overall life expectancy and contributing to a decline in mortality rates for children under five. But despite those improvements, the region needs to become more efficient to achieve its goal of […]

What Do Voters Want: Help or Skills?

Boosting skills is essential for entering the ranks of the richest nations. Better education and skills, most economists agree, generate the innovation and productivity that lift countries from middle-income to high-income levels such as those enjoyed by the United States and the wealthiest nations in Europe and Asia. Indeed, along with rule of law and […]

Ideas matter © 2016