As Joana Silva and I document in a recent book, earnings inequality declined in 16 of the 17 countries in Latin America for which consistent statistics can be calculated, although the intensity and turning points diverged across countries. For example, after a decade of stagnant or slowly increasing inequality, the 90th/10th interquantile range of the labor earnings … [Read more...] about Did Education and Job Experience Reduce Inequality in Latin America?
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 … [Read more...] about Examining the Interplay of Monetary and Fiscal Policies in Latin America
At the end of the third quarter, the growth forecast for Latin America and the Caribbean was an estimated -0.6% for 2016. For the first time since 1982-83, the region is expected to post two consecutive years of negative growth. However, looking beyond the numbers there is some good news in this latest report. To begin with, things looked considerably worse earlier in the … [Read more...] about Latin America’s Macroeconomic Update: Looking Up
“The wheel is come full circle,” wrote William Shakespeare and so it seems has the progress of economic ideas in the view of Augusto de la Torre, the Chief Economist for Latin America and the Caribbean at the World Bank. Economics is largely about supply and demand and the intersection of the two. But De la Torre, in an eminent career including stints as the president of … [Read more...] about The Spinning Wheel of Economic Analysis
The Inter-American Development Bank is offering the second edition of its Massive Open Online Course (MOOC) on the principal problems and challenges of macroeconomic growth and stability in Latin America and the Caribbean. Two new modules in the course focus on the financial sector and productive development policies. Entitled Latin American Macroeconomic Reality, the free, … [Read more...] about IDB Offers MOOC on Macroeconomic Growth and Stability